Compliance & Governance

What Makes Good Advice… Good?

First, we need to redefine traditional financial advice – the kind that’s focused on issuing buy/sell recommendations, executing transactions and collecting commissions. If that’s what you’re thinking of, you are correct. You don’t need that. You probably never did. So, what is “good advice”?

Personal Wealth

Why CEFEX Matters for PWL clients

When you give your hard-earned money to an investment advisor, you are entrusting them to help your financial future and build and manage an investment portfolio to help. Unfortunately, your best interests may not be shared by that advisor, and it seems the standard being considered by regulators will fall short of what’s needed.

Compliance & Governance

Tony’s Take: CIBC’s fee settlement reinforces need for advisor ‘Client Best Interest’

Embedded fees in mutual funds sold in Canada are already high, but when they are charged to clients within fee-based investment accounts, the situation goes from the sublime to the ridiculous. Disturbing news of substantial overcharging of clients by a major bank underlines the urgent need for full disclosure of all fees paid by an investor.