An industry veteran gives his view on the dangers of bad advice and the importance of improving the image of the industry
Even veterans of the fee-based model concede it won't be enough to protect clients from unscrupulous advisors fixated on investment.
It hasn’t yet reached the fever pitch of an auction, but another firm is raising eyebrows with its offer to buy advisor books.
A big firm’s come up with a way to help its top advisors dump low-asset clients without alienating their affections.
An interesting statistic in the U.S. suggests there’s a better job in wealth management that pays more and likely involves far fewer phone calls from concerned clients. Care to guess what it is?
A former NFLer turned advisor now faces charges surrounding an alleged $32m Ponzi scheme.
A Toronto advisor is pointing to a recent case as proof-positive of the need for better succession planning across the industry.
One provider’s first quarter performance suggests ETFs are doing great but another knowledgeable source isn’t so sure leaving advisors to wonder who’s right.
One of the industry’s biggest firms has set a controversial precedent in announcing it will pay retiring advisors more than double their annual compensation if they agree to keep their clients within the firm rather than sell their books for the highest bidder.
A recent OSC move is sending a strong message that wrongdoings committed in other provinces will likely block those players from doing business in Ontario.
Regulators in the U.S. need to get on with the task of standardizing fiduciary standard, said SEC Chair Mary Jo White Monday – provoking a call for something similar in Canada.