If you are wondering exactly how your financial advisor is paid, you are not alone. With many advisors and the clients, the fee question is like the elephant in the living room: it’s always there but clients and their advisors gingerly step around it to avoid disturbing it. It’s like asking someone how much he or she earns. Most people aren’t comfortable asking or answering that question. But where investing is concerned, people have every right to know how much their advisor is paid – and what they do to earn their pay.
Many investors and analysts made some bad calls in 2015 in a number of areas ranging from interest rate movement to oil price predictions. “So, what else is new?” you ask.
Some were armed with the research, industry contacts, experience and knowledge of how the markets work. You might think all these tools would help them enrich themselves and their clients. To no avail, as oil prices collapsed (taking the Canadian dollar with it) leaving global markets in disarray.