The Value of Independent Advice

Being an advisor at Acumen for over 10 years now, I have always had a full understanding of my responsibilities to my clients. We advisors have a duty to always put client interests in front of ours or the firm we work for. Being at an independent firm like Acumen, it was easy to live out these values because we have the investment world at our fingertips. We have a wide range of investment products and strategies at our disposal to make suitable recommendations that help our clients achieve their goals.

However, my career did not start out that way. Working for a large financial institution opened my eyes to some business activity that just did not sit well with me. The lack of customization and the idea that every client fit into a category or certain box was part of it, but the idea that I could only tell my clients to buy in-house created proprietary funds when there is an ocean of options had my head spinning.

This type of conflict of interest happens everyday in large financial institutions across Canada. In fact, some organizations are now telling their advisors that they have no choice but to only offer in-house proprietary funds to their clients or prospects. No choice.

So the question becomes, is your advisor acting in your best interest when you walk into a bank branch? This is in considerable doubt.

I have attached a document for everyone to read. It details differences between dealing with independent firms like Acumen and dealing with a bank-owned dealer. You might be surprised to see that there is a lot of upside to dealing with an independent vs dealing with a bank.

If you have any questions, we are here to help. Reach out to us on LinkedIn, Facebook or visit our website https://acumencapital.com/ for more information on how you can benefit from dealing with Acumen.