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Old 11-22-2018, 09:47 AM   #2913
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by chedder View Post
Thinking the same thing. Say a young new mother has $50,000 in an rrsp account. If the rep makes 1%, that's a whopping $500/year. If I remember my kids as babies, it cost a little more than that to support them.

That being said, the full service advisor/dealer companies are doing a terrible job countering these ads from the robo advisors.
Hopefully this comes across as intended (which isn't holier-than or anything), but I just laugh at those commercials. It's a two way street, and frankly those clients as illustrated aren't the kind of people I would want to deal with anyway! I have clients who aren't the richest people in the world, but they're just plain nice people who I actually enjoy speaking with. I can't imagine having to deal with people who obviously don't value your services and are just plain difficult people.

That said the advisors in these ads are just plain smarmy and I don't think I would deal with them either.
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