If The Banks Really Cared

From a personal exploration, I came to the understanding of a phrase, 'See things for what they are, not for what you wish to be'. As a result of the Federal government examining financial advisor compensation and embedded commissions, Advocis, the oldest and largest voluntary professional membership organization of financial advisors and planners in Canada, is pushing forward with a Profession Model in response and it is a noble one. They believe and I agree that consumers should be able to count on professionalism and accountability from their advisors. What I do not agree with is when they proclaim that if commissions were banned, that Canadians, especially lower income Canadians, would not be able to access financial advice to the same extent they do now.