Having guided largest investment towards healthy sale, firm prepared to go where others won’t with Brexit looming
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.
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.
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.
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.
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.
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.
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.