Latest / How Canadian Markets Work
Episode 16: Know Your Product and Suitability
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Episode Summary An advisor could understand your financial situation perfectly, but if they recommend an investment they have never actually analyzed, their advice is worse than useless. In this episode, John and Jane explore the legal bridge that connects knowing the client (KYC) with knowing the investment (KYP): the suitability determination. They break down how the 2021 Client Focused Reforms legally require advisors to put your interests first, explain why cost is now a mandatory…
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