TORONTO — Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows.
Craig Martin, executive managing director at J.D. Power, says younger clients are already asking about the services they get for their money, and upcoming transparency regulations will magnify the focus on fees and other investment costs. The study shows National Bank Financial topped J.D. Power's ranking for overall investor satisfaction, followed by Raymond James and Edward Jones. -- Junk borrowers Multiversity SpA, Motel One GmbH and La Doria SpA tweaked the terms of their planned bond sales on Thursday to appeal to investors unsettled by recent turmoil in the high-yield market.
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