Despite opposition from many in the investment industry to regulators implementing or proposing fundamental reforms, there’s a greater understanding of the difficult job the self-regulatory organizations and provincial securities commissions have to do.
April 4, 2017Pablo Fuchs, senior editor with Investment Executive and Fiona Collie, staff writer, discuss survey participants’ thoughts about the CSA’s proposal to introduce a best interest standard and whether their firms are encouraging advisors to drop the smallest clients from their books of business.
Pablo Fuchs, senior editor with Investment Executive and Fiona Collie, staff writer, discuss survey participants’ favourable views of the regulators and other key findings in the Report Card.
Many of the increases in regulators' ratings suggest dealers understand the tough job the regulators have to do. (Includes chart.)
Regulators earn kudos for creating pertinent resources and connecting company executives to knowledgeable people on the ground
Some describe the investigative process as a "witch hunt." Others believe enforcement teams consider each situation carefully
Some firms are dropping more and more of their smallest clients. Other firms adamantly oppose the practice
Many say the industry should be acting in clients' best interest - and regulators should introduce a standard that would apply to dealers and advisors
Compliance officers (COs) and company executives in Canada's investment industry shared their views about the regulators that oversee their businesses once again
Being open with auditors will help them go the extra mile and be as flexible as they can on certain mandates
This package summarizes data from the Brokerage, Dealers' and Bank reports, looking at trends across the financial advice industry.
Most retail branch advisors and planners were optimistic in this year's report, giving consistent or improved reviews for their banks' support
This annual report explores the priorities of advisors with full-service or mutual fund-only firms across Canada, looking at 11 dealers.
The annual Report Card reveals the priorities and business needs of investment advisors across Canada, assessing 14 investment dealers. Here's a look at advisors' technology,…