Watch some of the highlights from our annual client conference “Disruption in the Wealth Management Industry” which was held on Tuesday, June 27, 2017 at Arcadian Court in Toronto. Our speakers commented on changing consumer behaviours; unlikely new competitors; FinTech; and, a changing regulatory landscape. Stay tuned for information on our 2018 conference! Conference Details […]
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This roadmap describes the evolution of FinTech from 1.0 to 3.0. Many startups are starting to look at a B2B pivot and partner rather than compete with the banks and large asset managers who have strong client control. We are also seeing many large FIs invest in a variety of innovation lab models (FinTech 2.0) […]
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This recently published article caught my eye. It outlines the plan for more emphasis on financial literacy in the Ontario high school curriculum. There are 28 high schools (700 students) involved in a pilot, with a re-designed course to be in place in fall 2018. Raising the level of financial literacy of the next generation […]
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David Reeve, CEO of InvestorCOM, joins BNN to discuss new disclosure rules for investment advisers. The final date for dealers to provide new investment statements to their clients is July 14, 2017. Known as CRM2 (The Client Relationship Model – Phase 2), he explains to Canadians the purpose of these statements is to provide greater […]
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David Reeve, CEO of InvestorCOM, joins BNN to discuss the possibility of eliminating embedded mutual fund commissions. He explains what it will mean for Canadian consumers trying to get a better understanding of what they pay their financial advisor.
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A recent study by HSBC indicates that almost 90% of Canadians trust human advisor advice more than robo advice. This number is substantially higher in Canada than in other countries such as China and India. What I find interesting about the “human vs. robo” debate is that many people look at technology as an either/or. […]
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I recently stumbled upon the book “Simple Rules….How to Thrive in a Complex World” written in 2015 by Donald Sull and Kathleen M. Eisenhardt. Research by these authors reveals that exceptional company performance, in a wide range of industries facing both resource limitations and chaotic conditions, share a common theme: The best companies use simple […]
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Thank you for joining us at our annual conference which was held on Tuesday, June 27, 2017! We thank everyone who attended and hope you enjoyed our expert perspectives on the disruptive forces in the marketplace. Our speakers commented on; changing consumer behaviours; unlikely new competitors; FinTech; and, a changing regulatory landscape. This conference was […]
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Wealth Management continues to be a tremendous growth opportunity for Financial Services. In 2017, global high-net-worth investments exceeded $70 trillion with annual growth approaching 8%. Despite the opportunity that this growth might suggest, there are increasing pressures on profitability for the Wealth Management sector worldwide. The industry is undergoing significant change. We believe that there […]
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The value of advice from an advisor is under tremendous scrutiny with the new CRM2 regulations and with emerging alternatives such as robo-advisors. Many advisors and dealers are playing defense as their fees and value propositions are being questioned by many industry stakeholders. The recent “value of advice” study by Russell Investments highlights that advisors […]
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