Despite their continued expansion, robo-advice platforms remain a new and complicated concept for many of Canada’s financial advisors
A US compliance professional awarded $1.6 million for whistleblowing on his company is igniting concerns that a proposed program for Ontario will do little to protect informants.
The Ontario Securities Commission has rejected a request that it should – and not IIROC – issue a new penalty for an advisor appealing an earlier decision.
The industry is kidding itself, says a seasoned veteran laying out a passionate case against 5 per cent upfront.
The case of a fallen “rockstar” advisor is highlighting the dangers of lending money to your clients – and not the more common violation of hitting them up for a loan.
A dis-unified front for independent advisors is guaranteed to grow market share for the big banks at this crucial juncture, argues one veteran of the game.
Aha! A leading advisor has found a chink in the armour of target date funds – increasingly viewed as the single-biggest threat to retail advisors.
Canadian advisors could be in for a rude awakening as trillions in assets get parcelled out by baby boomer clients.
A decrease in the RRIF withdrawal rate may tempt advisors to show off their investment prowess at the expense of the most vulnerable investors in the marketplace.
The industry may have grossly underestimated the challenge of converting embedded-commission clients over to fees, says one advisor who’s tried and has the war stories to prove it.
An IIROC penalty panel must now consider what punishment an advisor faces for forging a client’s signature – despite getting approval at a later date.