Standardized summaries have been called into question following an Association of Canadian Compliance Professionals (ACCP) conference as advisors remain torn on the subject of CRM2.
A Toronto advisor is pointing to a recent case as proof-positive of the need for better succession planning across the industry.
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.
Fee-based advisors may increasingly be in the cat bird’s seat, but a new threat is emerging that could blindside them.
Recent discussions on the WP website revolving around the pros and cons of embedded compensation have gotten quite heated. A British Columbia advisor presents an interesting hypothesis.