The Portfolio Management Association of Canada (“PMAC“), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to once again participate in the Ontario government consultation process regarding Financial Advisory and Financial Planning Policy Alternatives (the “Consultation”).
We applaud the Ontario government for its leadership through this important Consultation and thank the Expert Committee for the extensive research, collaboration and thought required to produce the Preliminary Policy Recommendations of the Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives (the “Policy Recommendations”).
Additionally, we were pleased to have the opportunity to listen to industry peers and to share PMAC’s comments on the Policy Recommendations at the Public Consultation Session held on June 2, 2016 in Toronto. This letter sets out PMAC’s comments on the Policy Recommendations in further detail.