Episode 277: The End of Finance's Four Pillars

Welcome to "Think Smart with TMFG," your go-to weekly podcast for what's newsworthy and relevant to everyday Canadians. Join Senior Financial Advisor Rob McClelland and Mike Connon of Assante Capital Management as they delve into the significant transformation in the world of finance.

In this episode, Rob and Mike discuss the collapse of the four traditional pillars of finance: banking, trust companies, investment companies, and insurance companies. They explore how these once-separate entities have merged, leading to potential conflicts of interest and impacting consumer protection.

Discover the implications of this convergence on corporate profits, client services, and the overall financial landscape in Canada. Rob and Mike share personal experiences and provide insights into navigating this new financial terrain, emphasizing the importance of independent financial advice.

Tune in to understand how these changes affect you and what steps you can take to ensure your financial well-being in a rapidly evolving industry.