Panel 2: Rethinking the Client-Advisor Relationship

Jacquie McNish, The Globe and Mail (Senior Writer) and BNN (Co-Host) – Moderator
James Allen, CFA Institute (Head, Capital Markets Policy)
Cary List, Financial Planning Standards Council (President and CEO)
Janis Sarra, University of British Columbia (Professor)
Peter Smith, UK Financial Services Authority (Head of Department, Investments Policy)

This panel will look more broadly at the way that a fiduciary standard for financial advisers would impact various aspects of the client-adviser relationship.  Topics to be discussed include:

  • Fee-based vs. commission-based advisers.
  • The UK proposal to ban embedded commissions and similar initiatives in Australia.
  • Potential conflict-of-interest situations, such as custody arrangements, margin lending and other potentially controversial sales practices.