Early Canadian regulations required in-person meetings to open investment accounts
Mike Katchen · Mike Katchen, Co-Founder of Wealthsimple | How to Come up with an Idea that Gets Product Market Fit · PMF Show · Apr 17, 2023 · at 14:26
Wealthsimple co-founder Mike Katchen discusses the regulatory barriers his startup faced trying to digitize wealth management in Canada.
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“In fact, in Canada, if you wanted to open up an investment account at that time, there were rules that said that you needed to meet a financial advisor in person for an in-person suitability assessment for that person to actually build a portfolio on your behalf and offer you financial advice.”
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