What do you do with an investor who needs an advisor and is just starting out? Are ETFs viable? Are index mutual funds? Not in the current framework.
Last week I linked to a blog post on Jonathan Chevreau’s Wealthy Boomer blog. I’m re-linking to it because there is some good reading in the comments section which is worth a read. I warn you now though, the comments are long and the material will probably be a bit dry to some. For others, I’m sure you’ll find it worth your time.
Essentially some of the other commenters are trying to figure out a new framework for financial advice, planning and investment management instead of just bashing the current one. Even if you don’t read all the comments, what do you think would need to be done to the financial advice and planning landscape in Canada to make it ideal?
I’d love to hear your thoughts, be it simple, single ideas (like get rid of mutual fund trailers) or suggestions for a complete overhaul of the system.