Informed investors will keep the industry on its feet
IIROC's message is clear: "disclosure alone is not sufficient to address conflicts."
The panel will focus on embedded commissions in the coming year.
These ETFs represent a small portion of First Asset's ETF AUM, and the company expects regulatory pressure.
Not familiar with the proposed changes? Time to check them out.
Pimco has agreed to pay US$81 million to settle the lawsuit from its founder Bill Gross, reports the Financial Times. Those familiar with the deal say Gross claimed he was illegally ousted from the firm in 2014, says the report. Gross claimed he was owed at least US$200 million in lost bonuses and compensation as […]
Also, CIBC CEO Victor Dodig’s total compensation has increased once again.
Laurentian CEO François Desjardins made 4% less in 2016; his first full year as the bank's head.
BMO CEO William Downe made $10.6 million in 2016 in total compensation, almost 5% than in 2015.
Jane Alm senior investment advisor, National Bank Financial in Edmonton We carefully explain fees—for management expense ratios (MERs), advice and transactions—in both percentages and dollar amounts. If a client is on a transactional account, we explain costs before the transaction occurs, because that sometimes changes the client’s buy strategy. When clients see dollar amounts, they […]