Symposium 2018

Session Overview

This past summer, the CSA announced its long-awaited policy direction on two critical issues: the fate of embedded commissions and client-focused reforms to registrant regulation. By resolving to keep certain forms of commission compensation while banning others, and abandoning a strict best interest duty while inculcating "best interest" expectations in existing requirements, the CSA seems to be striking a middle ground.

As we lean in to the future of the profession, our panel will analyze the implications of the CSA's intended path. Is the CSA taking a pragmatic approach that will achieve the goals behind this multi-year exercise? Or will the policies create burdensome and ambiguous new compliance obligations? And how will the consumer experience be impacted, both in regards to access to advice and investor protection?

Digital investment and insurance platforms, regulatory technologies and other emerging artificial intelligence tools are on the verge of transforming the financial services sector. These innovations promise to make the industry more efficient and provide consumers with a tailored, personalized experience. But in doing so, these tools could push legal and ethical boundaries in a way that we are only beginning to imagine.

Join us for a panel discussion on the potential ethical, legal and policy implications stemming from fintech's transformation of the financial services sector. Can "next generation" technology be managed effectively within current legal and ethical rules? Are new exposures and risks being created in the marketplace? What do human financial advisors working with these new technologies need to know? And what should Canada be doing to protect financial consumers?

When it comes to fintech, much of the attention has focused on digital investment platforms. But the insurance sector is catching up rapidly and the possibilities of "insuretech" are being imagined and developed. Many insurance professionals are asking if insurance distribution through digital technologies and streamlining insurer head office and MGA functions will lead to impactful changes within the industry.

Symposium has invited a panel of experts to discuss insuretech. How will the landscape change in the short and long term? How will the client experience change? What early adoptions are we seeing in the marketplace and where might this lead us? How will these changes impact and flow through the securities industry? And will these changes lessen or strengthen the role of advisors and brokers?

Michael Hyatt, a celebrated "Dragon" on CBC’s online sensation Next Gen Den, is a mentor and investor in many start-ups, including the Rotman School of Management Creative Destruction Lab and The Founders Institute. He has built two highly successful tech firms, valued at 500 million dollars. What’s his secret to start-up success? The first thing Michael tells a budding entrepreneur or start-up: focus. Do one thing and one thing well. Just because you can make money at something doesn’t mean you should do it.

At the same time, you need to embrace discomfort, pain and sacrifice. If you become comfortable as an entrepreneur, you might as well quit. In this presentation, Michael shows that to achieve success you need to prepare for a marathon, not a sprint. With tremendous change coming to the securities and insurance sectors, Michael will provide insight and perspective on how you can embrace and thrive amongst this change, and in so doing, be comfortable with the uncomfortable.

"Professionalism and high performance are not mutually exclusive… In fact, professionalism enhances performance and creates the only sustainable success." says Jim Ruta. Professionalism is the cornerstone in the advisor-client relationship, and key to the ongoing success of consumers’ sound financial decisions, stability and independence. Don’t miss out on Jim’s presentation as he provides a winning perspective to being a high performing professional financial advisor.