Consumer advocate says the changes will drive greater transparency for consumers and, in the longer term, encourage competition
FSA is proposing a ban on all payments from product providers to platforms
Disclosure proposals require dealers to show clients annually what advisors are paid for products and services
Many countries are moving to abolish commissions, and Canadian regulators could do the same
Growth in the Canadian market has outpaced the corresponding U.S. market
Address this issue, before the client does. Consider these suggestions from Dan Hallett to reduce client portfolio costs - without taking a big pay cut.
25% of firms will see a decrease and 37% will see an increase in fees under the new dealer regulation model
A ban on commissions won’t solve all forms of bad advice
Outline your fee structure and what clients receive for those charges
Investment analyst Dan Hallett and a broker friend debate the pros and cons of deferred sales charges