It's time for change, advisor suggests
Harper -- not that Harper -- thinks Justin Trudeau's heading the wrong way on a couple of issues.
Advisors now face the challenge of reassessing not only their clients’ risk tolerance levels, but also the nature of risk itself, thanks to the downgrade of U.S. debt to below AAA.
Advisors now face the challenge of reassessing not only their clients’ risk tolerance levels, but also the nature of risk itself, thanks to the downgrade of U.S. debt to below AAA.
In my last column, I assailed the bad behaviour I see — and tragically, continue to see — from financial advisors. As seen in several news articles in the past few months, poor conduct is not limited to advisors: regulators are guilty, too.
There are two opposing camps with respect to the compensation debate: Those who believe a fully transparent, fee-only model is the only path to professional respectability; and Those who see the current variety of compensation models as sufficient for the Canadian marketplace.
A friend of mine has been busy for the past few years, converting his practice to a fee-based model. He charges his clients an annual fee, billed monthly and based on a percentage of the assets he manages for them. He receives no compensation from any products he uses in his model portfolios. ETFs, F-Class […]
A client of mine sells security systems. Whenever he has potential customers call him about buying a home alarm, he asks them when they were robbed. He knows most people take home security seriously after they’ve had a break-in. Human nature is like that. We only prepare for risks after they’ve hit close to home. […]
A client of mine sells security systems. Whenever he has potential customers call him about buying a home alarm, he asks them when they were robbed. He knows most people take home security seriously after they’ve had a break-in. Human nature is like that. We only prepare for risks after they’ve hit close to home. […]
I’ve had it. This year I’m going to do things differently. I’m going to learn from my mistakes. I’m going to chart a new course and follow it to become a better advisor; and a better me. Forget the gym. I’ve wasted too much money not going there. Forget dieting. Doritos are delicious. No, I’ve […]