Deposit-taking institutions need to do much better when it comes to advisors' compensation structures
Although advisors have built up their assets under management over the past year, their pay is either going down or stagnant. Advisors also are dissatisfied with reward and recognition progams
Some of the firms that have tweaked their compensation programs were punished, while those that maintained a steady grid were praised
Investors should know up front about any potential conflicts of interest
B.C. man loses bid to claim incentive bonus
There’s a risk that the advisor population will shrink, limiting the availability of advice to Canadians
The elimination of embedded compensation in Britain and elsewhere has yet to become an issue in Canada
Regulators seek to prevent use of distorting incentives that can harm investors
Advisors are seeing their pay nudge higher than in past years, but there remains an overall sense of displeasure when it comes to their firms' practices in the compensation department
Draft guidance aims to enhance retail investor protection, and clarify what dealers need to do to meet their regulatory obligations