For many years, those concerned about the future of the financial services industry have asked where the young advisors will come from. And the search for answers gets ever more urgent as multiple factors converge to prompt advisors to either retire or sell. Those who make their living consolidating advisory practices welcome the trend – […]
A recent meeting of industry minds at York University explored the idea of imposing a fiduciary duty upon financial advisors. Noting many other professions, including doctors and lawyers, require that standard, the gathering was meant to get the attention of regulators and lead to creation of commensurate rules. According to one advisor in attendance, the […]
When she started in the profession in 1981, a securities licence wasn’t in Kathleen Clough’s sights. The PWL Capital wealth manager, who counts a CFP and RFP among her designations, originally went to work for a firm that did high-level financial planning for senior executives. And, until seven years ago, she focused solely on non-transactional […]
A roundtable discussion gets at the heart of an advisor’s duty to the client. Moderated by Philip Porado Participants: Peter Rusheleau, PGR Financial, member of the board of the Toronto CFA Society and a chair of the advocacy and external relations committee. Jim Allen, head of Capital Markets Policy at CFA institute. Michelle Alexander, director, […]
Business owners account for a large percentage of high-net-worth clients. And advisors are in a unique position to help steer these exclusive clients to superior levels of success, says Jenifer Bartman, CA, CMC and founder and principal of Jenifer Bartman Business Advisory Services in St. Adolphe, MB. Most start-ups are, one way or another, family-run […]
A recent meeting of industry minds at York University explored the idea of imposing a fiduciary duty upon financial advisors. Noting many other professions, including doctors and lawyers, require that standard, the gathering was meant to get the attention of regulators and lead to creation of commensurate rules. According to one advisor in attendance, the […]
When she started in the profession in 1981, a securities licence wasn’t in Kathleen Clough’s sights. The PWL Capital wealth manager, who counts a CFP and RFP among her designations, originally went to work for a firm that did high-level financial planning for senior executives. And, until seven years ago, she focused solely on non-transactional […]
What does an advisor really need to do business these days? Canadian advisors have the luxury of choosing the route that places them across the table from clients. They can opt for a full securities registration through the Investments Industry Regulatory Organization of Canada, take a mutual funds licence from the Mutual Fund Dealers Association, […]
Blog Polls I’ve read a lot of Securities and Exchange Commission complaints over the years and, every once in a while, one stands out. The Commission’s March 24th complaint against Igor Poteroba, an investment banker who worked in the UBS Securities Global Healthcare Group is one such document. Filed in U.S. District Court for the […]
While efforts to return to fiscal normalcy sat well with the investments industry, the Federal Budget released in Ottawa today contained some disappointments, according to industry associations and analysts. Specifically, the Investment Industry Association of Canada had hoped Finance Minister Flaherty’s speech would include some incentives to boost investor spending, especially as it relates to […]