The incredible shrinking adviser – How onerous new rules are driving away financial planners in droves

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Greg Newman doesn’t regret becoming a financial adviser instead of a lawyer. Since graduating from law school in the mid-’90s, he’s carved out a comfortable life as an associate portfolio manager and director of The Newman Group, a Toronto-based affiliate of Scotia McLeod, and still feels good going to work most days.

But if he had to do it all over again starting now, he’s not entirely sure he’d make the same career choice. Many others likely share that thought.

New industry regulations, shifting demographics and ongoing product and technology innovations are threatening the status quo of what was once one of the country’s most secure, if not sure-thing, professions.

Read full article here.

David Pett – Financial Post – January 30, 2015.

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