Best interests and fiduciary duties

Judging by the concerted industry effort to prevent fiduciary type responsibility being accorded to investors in advisory services, you can well imagine the lack of incentive to illuminate investors over services which would accord fiduciary standard protection.   The industry do not want their advisory clients to receive fiduciary type standards full stop.  So you wonder how investors end up in advisory relationships where they have supposedly made the choice to retain discretion over all decisions.  

Really, the self interested onslaught that we are seeing in defense of standards which are clearly against investors best interests is appalling.   I am ashamed to be Canadian!

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