What you missed: Industry news

By Staff | September 14, 2016 | Last updated on September 14, 2016
2 min read

Over the summer, you likely scaled back and spent some time relaxing.

But don’t worry if you didn’t keep up with the news; we’ve got you covered. Below, you’ll find a collection of the all of the top industry news items that went out over the last few months.

Banks vs. robos: competition will transform industry, says BoC Robo-advisors are having a big impact on Canada’s financial industry–so much so that even the Bank of Canada is pushing financial institutions to compete.

More Canadians warming up to robos 43% of Canadian bank customers are open to using computer-generated advice and services, independent of a human advisor.

Artificial intelligence, overseen by humans, key to new robo Davyde Wachell, whose Vancouver-based company is launching a new artificial intelligence robo-advisor, says computers will never be as smart as humans assisted by machines.

What if: a prospect is skeptical about your value? It takes time to reassure hesitant prospects. Here’s one way to help them overcome their reservations.

What your peers forecast for the advice industry Financial advisors see more regulatory changes and technology in their futures, not to mention a shift to fee-based practices — trends that may benefit both individual investors and advisors, says a survey by Vanguard.

Are smaller investors getting the boot? Over the last few years, “wealth-management business expenses have escalated dramatically for both small and large investment dealers,” says Ian Russell, president and CEO of the IIAC, in his latest letter.

CRM2 is here. Are you ready? CRM2 has been on your mind for the last few years. And now, the third phase of the new disclosure framework is in effect.

Proposed advisor regs “too far-reaching,” say industry experts It seems like every few weeks, another body releases a consultation paper about the financial industry – so you’re forgiven if you haven’t been keeping track.

How powerful should the Capital Markets Stability Act be? Many industry groups have long pushed for a national regulator. But now that one is in the works, how far should it reach?

Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.