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PURSE STRINGS ATTACHED: TOWARDS A FINANCIAL PLANNING REGULATORY FRAMEWORK – PIAC (Public Interest Advocacy Centre)…hat tip Ken Kivenko

“Although the financial planning and financial advisor industries have recognized a need for reform of standards of care towards investors and have acknowledged the need for disclosure of, and transparency of, fee and commission structures, their progress towards solving the issue has been slow. Reforms in this area continue apace in other jurisdictions: the U.S., the U.K. and in particular Australia have tackled the difficult issues of compensation structure and disclosure, as well as duty to clients head-on. Canada has, by contrast, a large vacuum in political leadership on reform efforts in financial services…”

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