Bank Financial Advisors Are Giving Bad Advice

There have been reports of advisors giving harmful financial advice to their clients. Today's video dives into these allegations and why it's a systemic issue for the industry.CBC Marketplace Investigation: https://youtu.be/htm38oM5WFE?si=yVHXaGPwVBdrUXJH@BenFelixCSI's Video: https://youtu.be/v8iOV1Uourg?si=fs42SxzlNymve5nEQuestions for Advisors: https://www.canada.ca/en/financial-consumer-agency/services/savings-investments/choose-financial-advisor.htmlCanada Database for Advisors:- Registration Status: https://info.securities-administrators.ca/nrsmobile/nrssearch.aspx- Disclosures: https://www.ciro.ca/advisor-report-searchUS Database for Advisors: - Registration and Disclosures: https://brokercheck.finra.org/Canadian Sites for Finding Local Advisors:- https://www.fpcanada.ca/findaplanner- https://www.advocis.ca/find-an-advisor/- https://pmac.org/firms/US Sites for Finding Local Advisors:- https://money.usnews.com/financial-advisorsDISCLAIMERS:Richard Coffin is a registered portfolio manager, CFP professional and CFA charter holder.This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not directly affiliated with his employer). Learn more about your ad choices. Visit megaphone.fm/adchoices