SCOTT PLASKETT is a practising Certified Financial Planner and CEO of Ironshield Financial Planning in Etobicoke, Ontario. He is also the author of Thinking For A Living: A Financial Planner’s Lifeline To Escaping the Shackles of a Commission-Based Financial Planning Business. In this article for Wealth Professional, he explains the thinking and benefits behind financial planning syndicates.
Canadians are losing interest in “free” financial plans. They have realized that these plans are poorly designed, incomplete and really just a tool to help their advisor sell them a product that they may or may not need. In increasing numbers, they are looking for other options.
