Tag Archives: fiduciary

Hot Off the Web- June 10, 2013

Contents: Best online broker, value of CFP to brokerage, embedded mutual fund commissions-NOT, good guys-bad guys, hedge funds not worth it, 100% stock? Vanguard international bond ETFs, 3rd party custodians? pullback on buy-to-rent houses? No retirement crisis in Canada? Canadian pension sponsors worry about fiduciary accountability, “actuarial lunacy” liability discount rates, men/women invest differently, higher […]

Fiduciary – Response to “CSA Consultation Paper 33-403 – The Standard of Conduct for Advisers and Dealers: Exploring the Appropriateness of Introducing a Statutory Best Interest Duty When Advice is Provided to Retail Clients”

In a nutshell A fiduciary duty requires the fiduciary to place the interests of the client ahead of one’s own. Consider fiduciary in the context of the ancient wisdom of the Bible which very sensibly suggests not placing an obstacle before the blind.  In the financial adviser context, not placing an obstacle before the blind […]