Wealth Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Wealth Professional | 15 Aug 2013, 12:00 AM Agree 0
Canadian regulators should scrap commissions and enforce a fiduciary standard on advisors in light of new data from across the pond, an investor advocate says.
  • John Rathwell | 16 Aug 2013, 11:29 AM Agree 0
    Our commission structure should stay the way it is. In comparing our fees to the US, Canadian fee structure is actually lower. The minimal number of investors in Canada that don't understand and don't like the current fee structure can invest on their own. Then they wouldn't have to pay investment fees to advisors.
  • Vic Garabedian | 19 Aug 2013, 08:02 AM Agree 0
    Almost everything costs more in Canada then the United States. Yet somehow our commissions should be in line with them. How?
  • Harley Lockhart, CFP, CLU, CH.F.C. | 03 Sep 2013, 10:34 AM Agree 0
    The point is that by eliminating commissions as a compensation structure, consumers lose a choice. Just because the number of Advisors is rebounding does not translate into service for all consumers. Financial advice from a mutual fund registrant in at least one bank branch is available for accounts of over $100,000. Where do consumers with average accounts of about $70,000 get advice? How many can afford the fees needed to support a financial advisory practice?
Post a reply