Firms and advisors require flexibility to serve different clients. That’s the emerging theme in comment letters from investment houses on CSA’s proposed targeted reforms and best interest standard. In a comment letter, four partners from Borden Ladner Gervais (BLG) sum up the consensus: “A one-size-fits-all regulatory regime does not recognize different […] business models and […]
What happens when you’re incorporated, versus not incorporated
If you’re managing every aspect of your client’s financial life, you may be liable if something goes wrong, especially if you have a fiduciary relationship. Recognizing that, a Canadian insurer has launched a suite of insurance coverage specifically for family offices. “Family office directors, officers and executives face complex liability exposures,” says Cameron Rose, a […]
You told us how CRM2 has affected your relationships.
Occupation Account manager City Oakville, Ont. Age 56 I’ve been investing Since the early 1980s; more seriously since the early 2000s I plan to retire: In no more than five years Investable assets: $950,000, plus a rental property How long I’ve had an advisor: Two years. Before that, I was with a fee-only financial advisor […]
Understand your obligations and rights
A young advisor Brandon explains how caters to a niche audience
Occupation principal at iLearn DL Secondary School City Surrey, B.C. Age 34 I’ve been investing for: 10 years Investable assets: more than $250,000 How long I’ve had an advisor: 10 years New beginnings I immigrated from Lahore, Pakistan to Montreal in grade two, and then moved to Surrey, B.C. a few years later. I started […]
Many advisors will nod in recognition when they see their home towns touted on the list.
How valuation works, and how to negotiate