Advisor: Succession planning is industry’s Achilles’ heel
A Toronto advisor is pointing to a recent case as proof-positive of the need for better succession planning across the industry.
Experts disagree on health of ETF business
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.
Firm dangles big carrot to keep advisors from moving clients
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.
Ban could transfer between provinces
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.
Call grows for ‘one’ fiduciary standard
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.
Top athlete sues bank’s wealth management arm for $20m
It’s a Schadenfreude moment for independent advisors, with one of sports' biggest stars alleging a bank aided and abetted a fraud scheme costing him tens of millions of dollars.
Title sponsor for WP Awards announced
Hot off last week’s big reveal of three new sponsors for the inaugural Wealth Professional Awards, WP’s very excited about the long-term relationship it’s formed with one of Canada’s best asset managers.
Name and shame: a poor solution?
Both the IAP and IIAC agree the controversial practice has to go, but ‘name and shame’ may be the only recourse available to aggrieved clients hurt by banks and investments firms, say advisors.
New alternative to banning embedded commission
It’s an odd position for a staunch fee-based advisor to take, but one player is arguing against the need for a ban on embedded commissions – that’s if regulators make a key change.
Advisors come clean on compensation
The latest WP poll results suggest advisors aren’t “gouging” clients nearly as much as some investor advocates want consumers to believe.