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The head of Canada’s biggest independent firm suggests the industry is in for a significant culling of advisors. And could Toronto be hardest hit?

Advisor lived the high life - driving sports cars, dining at fine restaurants and staying at posh hotels - using more than half a million dollars of his client's cash.

IIROC lays down law on supervision penalizing the firm for failing to monitor retail client activity and refusing to adopt procedures to properly identify qualified investors.

The writing may be on the wall for mutual fund providers, with one industry giant moving Monday to slash management fees in a bid to shore up its ship.

Newfangled ways of attracting clients are out – the best way to do it has remained unchanged for years.

IIROC never said they're be days like this. You won't hear this from their managers, but the recent spate of fund consolidation is about burying under-performers, says one industry vet, suggesting the phenomenon is also overworking advisors.

Oops, our bad.We probably should have shared this research before the end of Movember, but it looks like sporting a moustache may shave a fair bit off your earning potential.

Amendments would eliminate the need for certain disclosure requirements on foreign securities sold to 'sophisticated' Canadian investors.

Advisors will have to do a better job of equipping their aging female clients for retirement, with new data pointing to a widening income gap past 65.

The fieriest venture capitalist in The Dragons' Den warns that many advisors have “sorely misrepresented” clients by keeping them tied to Canada’s low-yield investments.