We have blogged about this before but it is such a prevalent issue that it bears repeating: there is a significant ‘digital divide’ between wealth management clients (particularly Millenials) and their advisors, a divide which is disrupting the traditional wealth management model. A recent paper by The Boston Consulting Group put it succinctly: “Although the […]
Read More
A recent article in the Toronto Star mentions how most Canadian investors believe their only cost of investing in mutual funds is the management expense ratio (MER), which goes to the asset manager. This article shines a bright light on the costs of investing and the need for investment advisors to illustrate the value of the […]
Read More
The long simmering debate over the high cost of Canadian mutual funds may soon come to a head, bringing more dramatic change to an already fast-evolving wealth management industry. The Ontario Securities Commission, acting on behalf of the Canadian Securities Administrators commissioned The Brondesbury Group to review existing research on mutual funds compensation and yesterday they […]
Read More
Dealers and fund companies must make a concerted effort to drive clients to digital channels Isaac Newton’s first law of motion states that every object will remain at rest or move in a straight line unless compelled to change its state by the action of an external force. This is normally taken as the definition […]
Read More
The ‘exchange of value’ (e.g. relationship drivers between buyer and seller) in the investment industry used to be straightforward: financial advisors were the de facto experts providing investment advice and ideally, positive returns, in exchange for payment from the investor in the form of fees (explicit or otherwise). This generally led to relatively stable, unquestioned […]
Read More
