“If we got rid of (say) the bottom 20% of the advisor population, consumers would be conspicuously better off,” says a Canadian PM
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.
The latest WP poll results suggest advisors aren’t “gouging” clients nearly as much as some investor advocates want consumers to believe.
Veteran advisor discusses his arduous journey from one compensation model to another. Those making the move might want to read this.
As one of Canada’s leading litigation lawyers, Ellen Bessner is used to being judged, but now the shoe will be on the other foot.
An engineer from Mississauga nailed for insider trading reached a settlement with the OSC Tuesday, agreeing to give up about half his trading profits and a 10-year ban.
New numbers on commissions appear to back the concerns of embedded commission advisors worried a wholesale move by the industry to the fee-based model would hurt clients.
With 12-17% annual returns, it’s an exceptionally successful blueprint for investing, but advisors say their clients are getting in the way of their efforts to duplicate it.
Having all your eggs in one “proprietary” basket hasn’t necessarily been bad for one of the most sophisticated investors in this country.
A larger-than-life advisor credited with single-handedly elevating the reputation of private capital markets may have just compromised the entire sector’s reputation with investors.
Stats Canada’s January numbers suggest that those in wealth management could face a more difficult time in the months ahead than their insurance and banking counterparts.