Financial advising is a competitive field in Canada, more so in Ontario than it is in other provinces. There are many entirely able financial advisors out there who spend a lot of time studying, learning and otherwise training themselves to be educated and qualified professionals. According to investors there are almost 100,000 financial advisors in Canada. Of course they are not all equal in terms of their abilities.
Perhaps aside from the issue is that while professionals in other lines of work need a substantial investment maybe not only of their time, but also of their money in the pursuit of the qualifications necessary for his or her specific profession, to be a mutual fund sales person in Canada needs little of either. Continue reading