Staying in Touch with BFS – Who’s side are they on?  Recent changes at Big Banks

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We hope your summer was enjoyable and that you were able to glimpse of a little more normalcy compared to last summer.

A very recent article from Rob Carrick in the Globe & Mail is attached, it highlights several Big Banks decision to prevent most of their investment advisors from offering any mutual funds EXCEPT THEIR OWN ‘proprietary funds’.  Thus offering much less choice for clients. It also means less training and expense for the banks.

We believe that having more choice is a good thing for our clients.   As independent investment and insurance advisors, we work for YOU and no one else.  And, yes, as a small business we also need to be profitable to continue to offer our services.  But, we actively support and embrace the idea of having more options for our clients, not less.. You’re worth it.

Big bank policy on third-party funds sabotages advisers and serves investors badly – The Globe and Mail

Enjoy the Fall and get in touch anytime.

o: 905 690 5035
Work Hard. Retire Well. Leave a Legacy.


Brown Financial Security / Worldsource Financial Management

25 Mill St. N.
P.O. Box 530
Waterdown, ON L0R 2H0

Toll Free: 1.877.633.0633
Business: 905.690.5035
Fax: 289.431.5029