Jean-Philippe Lemay explains why the firm added close to 80 years of industry experience with three key additions
Turnabout is fair play with American firms now hunting for successful advisor offices in Canada.
When full fee transparency hits, a growing number of clients will decide to divvy up their assets rather than leave it all under anybody’s sole control, warn experts.
In a relatively quick turn of events, the biggest advisor on the Prairies was unceremoniously shown the door in early March by one firm for compliance reasons only to have a big Canadian name snatch him up – along with his $1.5 billion book.
Thousands of advisors will commit regulatory arbitrage as they look to get around any move by the OSC to ban embedded commissions, predicts one industry veteran.
Fee-based advisors are addressing the negative optics of a two-tiered fee structure where a low rate is applied to larger AUM clients and a higher, less favourable rate to others.
The head of one of Canada’s first robo-advisors is reacting to speculation that the $30m Wealthsimple deal marks the beginning of the end for independent players like his.
Getting fixed-income planning right may be the biggest challenge – and responsibility – for advisors if the prediction of a zero per cent overnight rate comes true.
An investor protection group has proposed a single website providing clients with a one-stop shop for information about advisors as a way of ferreting out the bad actors.
How money managers for a major pension fund scored big; the clients, not so much
One enterprising advisor has successfully tapped demand for a misunderstood registered savings plan, quietly forging leads and giving bank competitors a run for their money.