CSA Best Interests Consultation Paper

September 30, 2016

Download PDF:

CSA Best Interests Consultation Paper

Letter Summary:

As we have previously stated in comment letters, we generally believe it is important that registrants providing advice to clients abide by the best interest standard and thus strongly support the introduction of the proposed regulatory best interest standard. As CFA charter holders, we have agreed to uphold our Code of Ethics and Standards of Professional Conduct, which requires us to put the interests of our clients ahead of our own

Overview of the Council’s Comments:

Our position on some of the questions below may differ slightly from one response to another in situations where the advisor is responsible for a client’s entire investment portfolio with an ongoing advisory relationship, as compared to where an advisor is responsible for only a portion of the investment portfolio, or where the advisor has only a transactional relationship.