Licensing and regulations are so complex I'm not sure if it is realistic to expect most advisors to be independent.
Much as we all hate financial institutions dealers like manulife do a tremendous amount of the compliance work.
I think getting rid of them would only increase the amount of sketchy advisors. Then some of the less honest people would have absolutely no oversight at all. At least their dealer shares some of the responsibility to ensure they don't screw over everyone.
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