Although the Quebec and Alberta governments remain the biggest hurdles to a national securities regulator, advisors in the two provinces see advantages.
The Big Six are aggressively expanding in the wealth segment, and they are likely to push their advantage in scooping up young advisors. That may mean independents and mid-tier firms will have to come up with new ways to recruit.
Ontario Securities Commission may decide on what exactly it means to be an "advisor" or "planner." There's growing consensus that something must be done; but a pathway to reform may be difficult.
Canadian regulators should scrap commissions and enforce a fiduciary standard on advisors in light of new data from across the pond, an investor advocate says.
Here, here, advisors! Your support for embedded commissions may be ensuring affordability for clients who otherwise would miss out. Here’s why.