120: Conflicts of Interest

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Barenaked Money

Verecan Capital Management Inc.

31 episodes

1 week ago

Slip into something more comfortable and delve into personal finance with Josh Sheluk and Colin White, experienced portfolio managers at Verecan Capital Management. Each episode demystifies complex financial topics, stripping them to their bare essentials. From investment strategies and financial planning to economic headlines and philanthropic giving, delivered with a blend of insight, transparency, and a touch of humour. Perfect for anyone looking to understand and navigate their financial future with confidence. Subscribe now to stay informed, empowered, and entertained. Verecan Capital Management Inc. is registered as a Portfolio Manager in all provinces in Canada except Manitoba.

All content for Barenaked Money is the property of Verecan Capital Management Inc. and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

120: Conflicts of Interest | Seminar

Barenaked Money

1 hour 29 minutes

11 months ago

120: Conflicts of Interest | Seminar

Team Introductions and Tackling Conflicts of Interest in Financial Services

In this episode, Josh begins by introducing various team members from Verecan Capital Management, sharing unique tidbits about each person. Following the introductions, portfolio managers Devin Cattelan and Colin White present on conflicts of interest within the financial services industry. The session covers topics like market updates, misleading financial advice, and the importance of integrity and fiduciary responsibility. The presenters share examples of good news stories, the impact of politics on markets, and the risks of do-it-yourself investing.

They also discuss the challenges related to financial products designed to sell rather than perform, and the cultural and operational philosophy at Verecan that aims to eliminate conflicts of interest. The session ends with a Q&A, focusing on company policies, future plans, and how Verecan maintains its client-first approach.

00:00 Team Introductions with Fun Facts
04:15 Market Update and Good News
13:52 Conflicts of Interest in Financial Services
19:54 Real-World Examples of Conflicts
33:03 Product Design and Sales Culture
43:25 DIY Investing Pitfalls
45:38 Robinhood and GameStop: A Conflict of Interest
46:27 The Problem with Financial Titles
47:57 Investment Advisor vs. Portfolio Manager
53:57 TD Bank's Historic Fine and Corporate Governance
59:40 Verecan's Unique Business Model
01:02:43 Q&A Session: Industry Insights and Practices
01:13:52 Concluding Remarks and Final Questions