In an Op-Ed published in The Globe and Mail, Michael Williams, Chief Risk Officer at Richardson GMP Limited, and I argue that fixation on themes such as market movements, regulatory reform and technology has obscured, perhaps, the most important factor to build and sustain wealth—an experienced advisor—and, at the core of the client-advisor relationship, a strategic financial plan. While cost-effective regulation is key to guiding best interest and client-first conduct, regulators should also take steps to provide greater scope and flexibility to assist advisors meet the financial objectives of their clients.

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