On compliance
“A lot of things slip through the cracks and then they try and tighten up afterwards.”
A BMO Nesbitt Burns broker
On strategic focus
“We’re stealing a lot of brokers from bank-owned firms because we do the big deals but we’ve kept our nimble, small-shop, easy-access-to-management style.”
a Canaccord broker
“Sometimes it isn’t beneficial to be affiliated with a bank.”
A CIBC Wood Gundy broker
Should advisors have a designation?
“No, I think they should have morals.”
A TD Evergreen broker
On being bank-owned
“I don’t like the bank. They’re cheap.”
A ScotiaMcLeod broker
The worst aspect of RBC DS
“I would like them to be more client-focused, and to involve us more in decisions. If we are going to survive we have got to protect the relationships we already have with clients.”
a broker at RBC Dominion Securities
On joining forces
“The transition has created some low morale.”
a Raymond James broker commenting on the purchase of Goepel McDermid
On public image
“The firm should work on its image, really. The Quebec-based brokers need to realize that there is more to the world of National Bank than Montreal.”
a National Bank financial broker
Merrill’s best aspect
Well, the firm is a lot different from what it was when it was Midland [Walwyn Capital Inc.]. The Merrill people have higher compliance standards and there is more focus on what they are trying to accomplish.”
a broker at Merrill Lynch Canada
The worst aspect of the Edward Jones
“The company’s rules shouldn’t be so strict and our pay-out could be higher.”
an Edward Jones broker