They both promise to outperform the market, but the strategies are more like cousins than siblings
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.
Power Financial's investment in a robo-advisor speaks to how much those startups need big firm accounts.