A new infographic explains the “myth of the successful money manager”, showing that active management underperforms and is not worth the high cost. It points out that the cheapest funds are some of the most successful.
Rob Carrick points out that dealers are not transparent about the fees they charge for fee-based accounts. This makes it very difficult for the investing public to shop around when selecting a dealer. While CRM2 will tell clients what they are paying, real competition requires that the investing public know […]
The Globe reporter discusses the debate as to whether financial incentives should be paid to whistleblowers. FAIR Canada is of the view that financial incentives are a crucial component of an effective whistleblower program.
If financial giants enter the robo-adviser space will we see an increased number of platforms push their own proprietary products and, in turn, push out innovative, independent robo-advisers? David Pett discusses here.
Sales of segregated funds were $243 M in March 2015 compared to 144.1 M in March 2014. Are more of these products being sold to avoid the disclosure requirements associated with CRM2? Clare O’Hara discusses this issue here.
The International Organization of Securities Commissions (IOSCO) has published a new report which is the result of surveying its member securities regulators. The survey topics included the type of fraudulent scheme that led to investors being victimized, the common characteristics of investment frauds, the common characteristics of victims, and strategies […]
James Langton has highlighted findings from the UK’s Financial Conduct Authority on structured products noting that more needs to be done to protect consumers given their complexity and behavioural biases. The UK survey found that consumers over-estimated the expected returns on structured products and needed to be offered relatively high returns […]