Ask the average Canadian investor if current regulations require financial advisors to act in the best interests of their clients. Their responses would likely be split between “yes” and “I sure hope so.” But the real answer to this question is, “No, but with few exceptions.”
Canadians deserve fiduciaries to manage their finances
Only a small minority of advisors abide by a designation, licence, or membership in an organization that imposes a fiduciary duty on them
Jason Pereira
Discussion