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.