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Wealth Professional | 12 May 2014, 12:20 PM Agree 0
Advisors give their perspective on how to weed out the duds from the diamonds and what makes a 'real' financial planner.
  • Mac | 12 May 2014, 01:56 PM Agree 0
    The first step should be to stop licensing advisors as sales people!!
    You just can't license someone as a sales person then expect them to not be mainly focused on selling.
    Lawyers, accountants, or dentists are not licensed as salespeople as far as I know, so why should Financial planners?
  • daniel | 02 Oct 2016, 11:51 AM Agree 0
    If Ontario financial planners really cared about their clients who own permanent life policies with ZERO or a minimal CSV they would be lobbying the Ontario Liberal government to finally enact (16 years later) Schedule G of the Ontario Red Tape Reduction 2000 which will allow these seniors to access the embedded equity in their life policies just like they can release in their home with a Reverse Mortgage through CHiP.
    It is a SCANDAL that the current Ontario government is willing to allow FSCO to regulate PAY DAY LENDERS but refuses to allow FSCO to regulate which therefore has to operate out of Nova Scotia to offer "reverse mortgage" life loans to Ontario seniors at a FIXED INTEREST RATE OF 8% PA.
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