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@absolutezero Read any banks annual report summary and they highlight how much each channel contributes to the bottom line and the growth/drop in each segment.

@cedar2326 Ordinary joes make up 64% of the Big 5's profits. They need the average Joe to cover their operating costs and provide those benefits to higher net worth clients. Here's a break down of the big 5 profits. Retail banking (including small business) - 63% Commercial and Enterprise -...

@awomannameddamaris It's sad to see that all the perks most Canadian banks offer to their HNW, UHNW and commercial clients are on the backs on retail banking channels. The huge bonuses paid to top management is on the back on retail banking. Meanwhile you get charged to access your card after...

@viri Your comment mentions them not being able to discuss it. Advisors can discuss ETF's. They can't sell them.

@viri Any advisor is allowed to talk about ETF's. You can't sell them because they trade on the DI platform, but if an advisor is allowed to about index funds that a bank sells, they are wholly allowed to communicate about ETF's/

@viri Ok, so how about the advisor does the best for the client and places them to in the ETF right from the beginning. The fiduciary BS banks push on their employees shouldn't just be limited to the bank. If any advisor notices that someone is not maximizing their investments, they should be...

@ukbeliever220485 I believe changes in demographics and access to information is going to hurt the banking industry in general. Once mortgage brokers, online banking and ETF's are adopted mainstream, I find to hard to see how banks could continue to post record profits. Having seen my relatives...