I can’t think of a country that’s crying out for evidence-based investing more than Canada.
Canadians love their banks, and yet, as most TEBI readers know, banks are about the last place you should go for impartial investment advice.
Consequently, Canadian investors are paying some of the highest fees and charges in the world. An investor in Toronto, for example, typically pays twice as much as an investor in Buffalo, 60 miles over Lake Ontario, to invest in comparable funds.
Thankfully, there is a small but growing number of evidence-based financial advice firms who are trying to change all that. One of them is PWL Capital. What particularly impresses me about this firm is its commitment to investor education. The company has invested heavily in high-quality video, audio and written content, as well as social media, and is reaping the dividends. It’s now one of North America’s fastest growing advice firms.
I recently gave an interview to PWL’s Cameron Passmore and Benjamin Felix for their podcast, Rational Reminder. We discussed, among other things, the growth of indexing in Canada and around the world, the role of the media, and the future of investing industry and financial advice. You can listen to it here: