The Canadian Securities Administrators (CSA) has focused on fiduciary duty to ensure dealers and their advisors act in the best interests of their client. Acting in a client’s best interest means ensuring client interests are paramount; conflicts of interest are avoided; clients are not exploited; clients are provided with full disclosure; and services are performed reasonably prudently.

In my letter to the editor appearing in the October 2015 edition of Investment Executive, I noted that Canada’s investment industry fully supports a high standard of conduct for retail advisors. Industry efforts over the past four years to … Continue reading →