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Stock impact report

Canada's “advice gap” solution keeps modest investors in the game [Wealth Professional (Canada)]

Emerson Electric Company (EMR) 
Last emerson electric company earnings: 4/21 06:55 am Check Earnings Report
US:NYSE Investor Relations: emerson.com/en-us/investors
Canada found a way to keep modest investors in the advice ecosystem while other markets opened up an “advice gap” – and it did it by refusing to blow up the economic model that actually serves small accounts. According to a new CD Howe Institute e-brief by Paul Bourque , Canada outperforms many OECD peers in providing widespread, affordable access to “limited” or “one-time” investment advice for households with modest assets. The paper credits a distinctive mix of front-line self-regulation, a dedicated mutual fund dealer regime, and flexible compensation structures that keep advice viable at low or even zero up-front cost. Bourque defines the “modest investor” as a household with less than $100,000 in financial instruments and investments held to build and preserve wealth Recent surveys he cites show that most advised investors in Canada sit at or below that $100,000 mark. Mutual fund dealers and provincially licensed representatives have been central to serving this group Show less Read more
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