How to go about securing the best return for your investment in Canada.
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Ford government threatens to take control of real estate watchdog as realtors call for answers - CTV News Aug 31st
Ford government threatens to take control of real estate watchdog as realtors call for answers CTV NewsCanada’s largest private landlord often dramatically increases eviction applications after acquiring buildings, study finds Toronto StarOntario real estate agency has accoun.... More »
Stock news for investors: Rogers sees revenue gain, lifted by Blue Jays’ playoff success + MORE Jan 30th
Here’s a round-up of news for Canadian investors this week.
Rogers
CPKC
CGI
Cascades
Empire
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 1.5.... More »
Canadians now owe $1.71 for every dollar they have to spend, StatsCan says - CBC.ca + MORE Dec 11th
Canadians now owe $1.71 for every dollar they have to spend, StatsCan says CBC.caHousehold debt ratio rises to 170.7%, Statistics Canada says BNNHousehold debt ratio rises to 170.7 per cent: StatCan CP24 Toronto's Breaking NewsHousehold Debt Ratio in Canada Climbs on.... More »
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. - The New York Times Apr 17th
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. The New York TimesCanada to host September summit in Toronto to help draw billions in foreign investment, Carney says The Globe and MailCarney's pitch to unlock trillions in global investment CB.... More »
Fintech platforms outpace bank brokerages in new survey + MORE Apr 9th
Fintech companies are leading in client satisfaction compared with self-directed brokerages at traditional banks, a new report shows. A JD Power survey on investor satisfaction found fintechs aren’t just winning on consumer satisfaction but are also perceived to be more innovative and equally .... More »
What does a fee-only financial planner do, exactly?
– moneysense.ca
Q. How do you make money, Jason, if you don’t sell any products?
–Rob
A. Your question is a good one that I get a lot, Rob—even from people in the industry. So let me explain.
Something that I like to reinforce frequently is that I do not sell any financial products. I feel this is an important point to clarify so people do not wonder if I have a conflict of interest when they read my advice in articles and interviews.
Some financial planners make money by selling products, like mutual funds or insurance. Those products may pay them upfront or ongoing commissions, or a combination of the two. Different products pay different commissions, and their advice may be influenced by the way they get paid. That is not to say their advice may not be good, but they may have conflicts of interest.
Many consumers do not understand the difference between a financial planner, a financial advisor, or the many other financial titles that companies and individuals use to describe their role. Quebec is the only province where you need credentials to call yourself a financial planner…
–Rob
A. Your question is a good one that I get a lot, Rob—even from people in the industry. So let me explain.
Something that I like to reinforce frequently is that I do not sell any financial products. I feel this is an important point to clarify so people do not wonder if I have a conflict of interest when they read my advice in articles and interviews.
Some financial planners make money by selling products, like mutual funds or insurance. Those products may pay them upfront or ongoing commissions, or a combination of the two. Different products pay different commissions, and their advice may be influenced by the way they get paid. That is not to say their advice may not be good, but they may have conflicts of interest.
Many consumers do not understand the difference between a financial planner, a financial advisor, or the many other financial titles that companies and individuals use to describe their role. Quebec is the only province where you need credentials to call yourself a financial planner…
