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Wealth Professional | 15 Aug 2014, 10:52 AM Agree 0
A heartening take on the potential for independent advisors under CRM2.
  • ADvisor | 15 Aug 2014, 11:29 AM Agree 0
    I think the non-disclosure of many independants will struggle here, those clients will move to bank, and the large account bank clients will move to the wealth advisors.
  • Barb White | 15 Aug 2014, 11:40 AM Agree 0
    There is a big difference between the Canadian and UK markets... and populations over which the costs of new requirements can be spread. The Canadian market for smaller retail client service was and remains considerably ahead. CSA stats show client losses due to unregistered issuers and registrants dwarf those of clients of regulated dealers and advisors; and the regulators here are 13 times as many as in the UK. Hmmm. Of course nothing's ever black and white, but just saying.
  • Jeff Sanford | 15 Aug 2014, 12:22 PM Agree 0
    Very good points...thanks for the comments!
  • Harley Lockhart | 15 Aug 2014, 08:20 PM Agree 0
    The Financial Times article talks only about the very high net worth completely ignoring the mass of ordinary investors. The issue is not disclosure. The shakeup in UK came more from commission ban than disclosure. Regardless, it's the little guy losing out--the majority.
  • Joe Prins | 23 Aug 2014, 02:43 PM Agree 0
    Totally agree with Harley. The very high net worth clients will be looked after, no matter what. Clients with little or no net worth need our help the most. So what if the compensation is small or non existing?
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