Jun 19, 2018
The problem with regulation is that in Canada you need to be licensed to call yourself a Financial Adviser, but to call yourself a Financial Advisor there is no such requirement. Things are a little different in the US, but the real issue isn't your licensing status, but rather the concept of fiduciary duty and putting the client's interest above your own.
Tariffs are about to take hold and there will be blood. Canada's economy is going to take a hit and to a lesser extent, so will the USA's. The system is unsustainable. It's not just here in the Western Hemisphere, it's all over the world. Whatever happened to the concept of creating competition instead of we're creating corruption. Beware of a rising tide because eventually it will subside.