Insight is Capital™ Podcast

Canada's ETF market just hit $1 trillion in assets — but record flows can mislead as much as they inform, and Jean-Carlo Rouzier wants every advisor to know the difference. In this episode of Insight Is Capital, host Pierre Daillie sits down with Jean-Carlo Rouzier, Director and ETF Specialist at National Bank Investments, for a conversation that goes well beyond the headline numbers. With more than two decades inside the Canadian ETF industry — including tenures at the three largest ETF providers in the country — Jean-Carlo brings a rare, ground-level perspective on how advisors, institutions, and self-directed investors are each using ETFs in profoundly different ways. From the mechanics of structural versus tactical flows to the nuances hiding inside seemingly identical index products, the episode covers the real limits of covered call income strategies, NBI's institutional-grade open architecture model, why the active vs. passive debate has finally run its course, and why knowing what you own in one sentence may be the only portfolio principle that truly holds. If you build portfolios for a living, this episode will change how you read a flow report. Chapters 00:00 - Introduction: What flows don't tell you 01:00 - Jean-Carlo's 20-year journey inside Canada's ETF industry 02:30 - What has fundamentally changed in ETF adoption over the past decade 05:00 - Three investor segments driving growth: retail, advisors, and institutions 08:00 - ETFs as infrastructure: how regulatory reform reshaped the advisor model 12:30 - Index nuances: why "passive" is never quite as passive as it looks 14:00 - How institutions use ETFs differently, and what advisors can learn 21:00 - Canada hits $1 trillion: how to read ETF flows without getting misled 24:00 - The danger of chasing tactical flows and thematic momentum 28:00 - The active vs. passive debate: why it's finally over 33:00 - The decumulation gap: where ETFs haven't fully solved retirement income 36:00 - Covered Call 2.0: NBI's approach to yield and growth with Goldman Sachs AM 39:00 - NBI's Open Architecture and the OP4+ governance process 43:00 - Core-satellite construction and why asset allocation drives everything 47:00 - Risk, volatility, and what most advisors aren't doing enough of 53:00 - Self-directed investors, YouTube finance, and behavioral alpha 57:30 - The Canadian ETF ecosystem in five years 58:30 - The most persistent ETF myth, and one principle every advisor needs Connect with Jean-Carlo Rouzier LinkedIn: linkedin.com/in/jean-carlo-rouzier-cim-fcsi-b00a307/ National Bank Investments - ETFs: http://nbinvestments.ca/etf #ETFs #CanadianETFs #ETFInvesting #PortfolioConstruction #AdvisorAlpha #InsightIsCapital #WealthManagement #FinancialAdvisor #ETFFlows #InvestmentStrategy #NBI #NationalBankInvestments #CoveredCallETFs #ActiveVsPassive #RetirementIncome #BehavioralFinance #ETFCanada #AdvisorLife #CanadianInvesting #ETF1Trillion

Is the market standing on the edge of the most consequential bubble of our lifetimes — and is no one paying attention? In this episode of Insight Is Capital , host Pierre Daillie sits down with David Rosenberg, Founder and President of Rosenberg Research, for a searching and at times unsettling tour through the fault lines beneath today's record-high markets. With forty years in the business and a model portfolio that has delivered nearly 60% returns since 2023 at just 0.4 beta to the S&P 500, Rosenberg challenges the consensus with evidence, not emotion — making the case that investor behavior, not AI itself, has become the bubble. From the distorting effects of the "One Big Beautiful Bill" to the overlooked vulnerability of Baby Boomers holding 55% of their wealth in equities at age 70, this conversation covers terrain most commentators avoid. The result is one of the most candid, richly argued appraisals of risk, diversification, and the bond market opportunity available today. Chapters 00:00 — Introduction and welcome 01:00 — The ROSY ETF: putting money where the model is 03:15 — Bear in the Bull Ring : Rosenberg's new book 04:30 — Calling a bubble when no one wants to hear it 06:30 — Historical parallels: tech, housing, and the Nifty 50 09:00 — Why the AI bubble has engulfed every sector 11:00 — CapEx, equity dilution, and circular financing schemes 13:30 — The revenue math behind AI: 50% CAGR or bust 15:30 — Earnings distortions and the "One Big Beautiful Bill" 20:00 — Tariffs, inflation, and the deflationary thesis 22:00 — Wages, labor costs, and what really drives consumer prices 27:00 — Fed policy under Warsh: hiking into a supply shock 36:00 — Why bonds are the most overlooked opportunity right now 39:00 — Household balance sheets: 73% equities, 7% bonds 44:00 — Consumer spending running on fumes and equity wealth 52:30 — What genuine diversification looks like in 2026 56:00 — Gold, hard assets, and the ROSY model portfolio 58:30 — The Boomer risk: 70 years old, 55% in equities 01:07:30 — Canadian equities: relative value in the land of the blind Find David Rosenberg Website: www.rosenbergresearch.com LinkedIn: linkedin.com/in/david-rosenberg-40800219b #DavidRosenberg #RosenbergResearch #MarketBubble #AIBubble #StockMarket #BondMarket #Investing #MacroEconomics #PortfolioDiversification #CanadianEquities #FederalReserve #Inflation #GoldInvesting #InsightIsCapital #WealthManagement #FinancialAdvisors #MarketOutlook #BearMarket #EquityRiskPremium #RetirementRisk

What if the most "diversified" portfolio you own is actually one of the most concentrated bets in market history — and almost no one is talking about it? In this episode of Insight Is Capital , host Pierre Daillie sits down in-studio with Bill Smead , Founder and Chief Investment Officer of Smead Capital Management — one of North America's most respected and unapologetically contrarian value investors. Bill has just made Smead Capital's first formal move into the Canadian market, launching two new mutual funds available to Canadian investors as of October 1, 2026. Bill shares his remarkable journey from greyhound handicapper to Drexel Burnham Lambert broker to building one of the most disciplined high-conviction value firms in the business. Along the way, he reveals the eight criteria his firm uses to identify deeply undervalued, high-quality companies — and why patience, insider ownership, and refusing to flinch are the only true edge in markets. The conversation cuts to the heart of today's most pressing investment risks: the breathtaking concentration in the S&P 500, the unfinished business of the 2022 bear market, the case for a 15-to-35-year commodity super-cycle, and why Canadian oil and gas may be among the most underappreciated assets on the planet right now. Bill also delivers a frank assessment of the AI CapEx bubble, what he calls the "financial shenanigans" reshaping Big Tech balance sheets, and what advisors should be telling clients who have been richly rewarded — and dangerously lulled — by the index trade. Chapters 00:00 — Opening quote and teaser 00:01:00 — Introducing Bill Smead and the Canadian launch 00:02:00 — Bill's origin story: greyhound races, poker, and Drexel Burnham Lambert 00:11:30 — Discovering his 8-criteria investment discipline; Ziskin, Buffett and Munger 00:17:00 — How Smead Capital operates: waiting for great companies to hit the doghouse 00:22:30 — The power and limits of insider ownership as a timing signal 00:29:30 — Why the S&P 500 is now a concentrated glamour-growth portfolio 00:32:00 — Jack Bogle's monster: index investing and unintended risk 00:35:30 — The 2022 bear market as the new 1969-70; the '73-74 reckoning still ahead 00:42:30 — The 220-year commodity valuation chart and the oil and gas super-cycle 00:44:00 — Why Canadian oil sands are superior assets and Smead's Canadian holdings 00:47:30 — ESG, capital starvation, and the setup for energy out-performance 00:50:00 — The decade-by-decade pattern of market leaders: oil, Japan, dot-com, BRIC, AI 00:52:30 — The AI CapEx bubble and why hyperscalers are selling their soul 01:00:30 — Trump, oil prices, and the politics of cheap energy 01:04:30 — What advisors owe their clients right now 01:06:30 — Smead's new Canadian funds and the case for diversifying away from the mania Connect with Bill Smead LinkedIn: linkedin.com/in/bill-smead Smead Capital Management: smeadcap.com Important Disclaimer: Smead Capital Management (Canada) Ltd. is the investment fund manager and portfolio manager of the Smead US Value Fund and Smead Global ex-US Value Fund, with Smead Capital Management, Inc. as sub-advisor. The Funds are new and have no performance history. References to history, performance and holdings relate to the U.S. strategies. Opinions are those of the speaker and are not investment advice. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the Fund Facts and the Simplified Prospectus before investing. #ValueInvesting #ContraryInvesting #BillSmead #SmeadCapital #CanadianInvesting #EnergyStocks #OilAndGas #InsightIsCapital #StockMarket #WealthManagement #FinancialAdvisor #IndexFunds #SP500 #InvestmentStrategy #ContrarianInvestor #AIBubble #CommoditySuperCycle #CanadianOil #LongTermInvesting #HighConviction

Most Canadians buy life insurance once — and the policy never moves again, even as life moves on without it. On this episode of Cover Your Assets , hosts Pierre Daillie and Ayal Cohen sit down with Farzana Damji, Senior Director, Product Development at RBC Insurance, to explore a fundamentally different way of thinking about protection. Farzana introduces the concept of the coverage continuum : the idea that insurance isn't a single transaction but a living strategy that should evolve alongside every major and not-so-obvious life event, from a first paycheck to the transfer of an estate. The conversation moves through the real reasons why coverage gaps form, why disability and critical illness remain the most underserved segments in Canadian financial planning, and why the biggest risk to a client's retirement nest egg may not be a market correction — it may be a health event no one saw coming. Farzana and the hosts also dig into the growing role of AI and technology in helping advisors keep the continuum alive, and why empathy, not product knowledge, may be the advisor's most powerful tool. This is a candid, practical, and at times eye-opening episode for every advisor who wants to serve clients more holistically — and for every Canadian who has ever assumed they were adequately covered. Chapters 0:00 — Introduction: The coverage gap hiding in plain sight 1:30 — Meet Farzana Damji, Senior Director, Product Development, RBC Insurance 2:00 — Twenty years at RBC Insurance: from sales support to product development 4:30 — The personal moment that shaped her view of protection 5:30 — What is broken about how insurance gets sold and reviewed today 8:30 — Walking the coverage continuum: early career, high earning years, and estate planning 14:30 — Where disability and critical illness fit in — and why they are the most underserved 17:00 — The silo problem: wealth and insurance in separate folders 20:00 — Where the continuum breaks down, and who is responsible for keeping it alive 25:00 — Technology, AI, and the new advisor toolkit 32:00 — The pre-retirement danger zone: when a health event does the most damage 35:00 — Cognitive dissonance, late arrivals, and the risks of waiting 44:30 — Real-world examples: what the continuum looks like in practice 51:30 — Why clients compare notes with neighbors instead of calling their advisor 55:00 — The one review question every advisor should ask every client this year 57:00 — Where to learn more about RBC Insurance's approach Connect with Our Guest Farzana Damji, Senior Director, Product Development, RBC Insurance LinkedIn: Farzana Damji on LinkedIn RBC Insurance: www.rbcinsurance.com #CoverYourAssets #LifeInsurance #DisabilityInsurance #CriticalIllness #FinancialPlanning #InsuranceAdvisor #RBCInsurance #LivingBenefits #WealthManagement #CanadianInsurance #InsurancePlanning #EstatePlanning #CoverageGap #InsuranceReview #FinancialWellness #InsurancePodcast #AdvisorLife #ProtectionPlanning #TermInsurance #PermanentInsurance

The advisors who will thrive in the AI era are the ones willing to ask the questions no algorithm ever will. In this episode of Insight Is Capital , host Pierre Daillie sits down with Douglas Boneparth, CFP and President of Bone Fide Wealth, to explore the growing gap between what financial advisors deliver and what clients actually need. Drawing on his best-selling book Money Together , Doug makes the case that the most valuable thing an advisor can offer has nothing to do with portfolios or projections. It is the willingness to go deeper, to ask uncomfortable questions, and to make room for the conversations that clients are not having anywhere else. From couples and communication to generational wealth transfer and the rise of AI in practice management, this conversation is a candid look at where the advisory profession is falling short and what the best advisors are doing differently. CHAPTERS 00:00 Introduction: Why the advisory business is changing faster than most advisors want to admit 02:00 One year of Money Together : what Doug and Heather Boneparth have learned on the road 05:30 What the industry keeps getting wrong: treating the household as one client 09:00 The cost of comfort: why staying comfortable is the biggest risk in an advisor's practice 10:30 The single highest-value habit: learning to ask uncomfortable questions 11:30 What honest money conversations actually look like for couples 14:00 Knowing your lane: when to bring in a therapist, an attorney, or an AI tool 18:00 Practical steps: getting both partners in the room and meeting clients where they are 24:30 AI in the advisory practice: what it can and cannot do 28:00 The real bottleneck was never information. It was agreement. 31:00 The CFP board adds behavioral finance. What that signal means for the profession. 32:00 Closing thoughts: the heart of a social worker and the mind of a capitalist Where to find Douglas Boneparth Douglas Boneparth on Linkedin Bone Fide Wealth LLC Book: Money Together: How to find fairness in your relationship and become an unstoppable financial team #FinancialAdvisor #WealthManagement #BehavioralFinance #MoneyTogether #DougBoneparth #FinancialPlanning #AdvisorGrowth #CouplesAndMoney #InsightIsCapital #AIinFinance #FinancialTherapy #ClientRelationships #CFP #AdvisorLife #FinancialServices #MoneyMindset #PracticeManagement #WealthAdvisor #FeeCompression #FinancialWellness ```

When the market itself quietly becomes the concentration risk, a top-down process built over 30 years may be exactly the second tool advisors didn't know they were missing. For most of the past decade, buying the market and achieving broad diversification were the same act. Today they are two separate jobs. In this episode of Insight Is Capital, host Pierre Daillie sits down with Christian Crête, Senior Portfolio Manager, Global Top-Down Strategies at Desjardins Global Asset Management, and Patrick Gagnon, Managing Director and Head of National Sales, Desjardins Investment Solutions, to examine exactly where that gap has opened and what fills it. Christian traces a macro-led process born in 1991, stress-tested through the GFC and Brexit, and refined for a world moving from one economic center of gravity to many. He walks through how his team reads the forest before the trees, working across macro, valuation, and investor sentiment simultaneously, to surface opportunities that passive indexing and conventional bottom-up stock picking are not designed to find. Japan's structural shift, European defense rearmament, and fragmenting global supply chains are not just headlines here — they are live portfolio positions with reasoned conviction behind them. Patrick brings the conversation to the advisor's desk: the quiet anxiety building around CRM3 and total cost reporting, the behavioral challenge of diversifying away from what has worked, and why Desjardins' co-creation approach — listening first, building second — is redefining what an asset manager partnership can look like. The episode closes with a plain-English breakdown of where DAGL sits alongside the newly launched Desjardins Active Canadian Bond Universe ETF (DACU) and Desjardins Canadian Equity Leaders ETF (DACL). Timestamped Chapters 00:00 — Introduction: When the index kept its promise but the market narrowed 02:00 — Guest introductions: Christian Crête and Patrick Gagnon 03:00 — Career backgrounds 05:30 — The shift from a unipolar to a multipolar world: what it means for portfolios 09:00 — Europe, defense spending, and the emerging investment opportunity 12:00 — Japan: 30 years of deflation, rising rates, and the carry trade risk 15:00 — Concentration risk at the advisor's desk: index ETFs and the seven-name problem 19:00 — The three pillars: macro, valuation, and investor sentiment 24:00 — How advisors are quietly rethinking who they lean on, and why 25:00 — Origin of the process: 1991, pension mandates, and a founding client still with them today 29:00 — What advisors need from asset managers in a CRM3 environment 33:00 — GFC playbook: building defensively in 2007-08, buying financials in January 2009 37:00 — Brexit: positioning before the vote, buying UK homebuilders in the two-day collapse 42:00 — Trusting the process when it hurts most 44:00 — Forest before trees: why 300 names is not 300 stock picks 46:00 — Quality and value as design, downside resilience as byproduct 49:00 — Advisor objections and how Patrick answers them 51:00 — Where DAGL sits in the Canadian ETF landscape 54:00 — Which clients this fits: balanced, growth, high net worth, and where to be cautious 55:00 — The active fixed income and Canadian equity case: DACU and DACL 57:00 — CRM3, cost transparency, and expense ratios across the lineup 58:00 — Rapid fire: one reason to add a global top-down strategy 59:00 — What Desjardins offers an advisor's practice that the street does not 01:00:00 — Co-creation: building solutions from the voice of the advisor 01:01:00 — Why institutional durability matters inside the investment process Funds Mentioned DAGL — Desjardins Global Opportunities ETF (global top-down active equity) DACU — Desjardins Active Canadian Bond Universe ETF DACL — Desjardins Canadian Equity Leaders ETF #ActiveETF #GlobalEquity #MacroInvesting #PortfolioDiversification #ConcentrationRisk #AdvisorInvesting #CanadianETF #DAGL #DGAM #Desjardins #TopDownInvesting #WealthManagement #InsightIsCapital #CRM3 #FinancialAdvisor #InvestmentStrategy #MacroEconomics #MultipolärWorld #ETFCanada #ActiveManagement

There's a version of you your family has never met — and the only way they ever will is if someone asks the right question. In this episode of Insight Is Capital , host Pierre Daillie sits down with Elena Iacono, founder of LegacyNex, to explore one of the most overlooked dimensions of wealth planning: the stories, wisdom, and hard-won insights that no will, no estate document, and no photo album can hold. Elena calls it human inheritance — the living record of who a person truly is, captured while clarity is still within reach. What begins as a deeply personal conversation about loss becomes a compelling case for why the most valuable thing any of us can leave behind has nothing to do with money. Chapters 0:00 — Opening: The version of you your family has never met 1:30 — Introducing Elena Iacono and LegacyNex 2:00 — Elena's origin story: the loss of her father and the search through his drawers 5:30 — What is "human inheritance"? Unpacking the concept 9:30 — Parents as people: why we never ask the questions that matter most 11:00 — Gloria Steinem, storytelling, and the power of a recorded voice 13:30 — Who Elena's clients are — and what they discover 17:00 — What families hear that they never knew before 22:30 — How financial advisors are using LegacyNex with clients 28:30 — The halo effect: generational impact and legacy across time 31:00 — What Elena wishes someone had told her at 25 Where to find Elena and LegacyNex: Elena Iacono on Linkedin LegacyNex #LegacyNex #HumanInheritance #InsightIsCapital #LegacyPlanning #FamilyLegacy #WealthManagement #FinancialAdvisors #LifeStories #EstatePlanning #Storytelling #IntergenerationalWealth #PierreDaillie #ElenaIacono #FamilyHistory #MeaningfulWealth #AdvisorLife #WealthBeyondMoney #CanadianFinance #LegacyCapture #PurposefulLiving

Every move the West makes seems to make things worse — and Doomberg explains exactly why. Pierre Daillie and Mike Philbrick sit down with Doomberg , one of Substack's most incisive financial and energy analysts, for a wide-ranging conversation that connects diesel shortages, European energy vulnerability, the Iran war, rare earth attrition, Taiwan's fragile energy grid, and a provocative case for why World War III may have already begun in 2014. Doomberg brings his signature blend of industrial experience, geopolitical realism, and premise-first thinking to a set of questions most Western commentators won't touch: Is Russia genuinely a formidable power worthy of deference? Is China running a long game of weapons attrition through proxy wars? And what should investors be doing before these fragile dominoes begin to fall? Chapters 1:30 — Intro: The West's wars, the energy crisis, and who came out ahead 6:30 — Welcome: Doomberg joins; diesel export ban and Ukraine strikes 9:30 — Geopolitical checkers: Every Western move makes things worse 10:30 — Trump's 1980s worldview and the myth of escalation dominance 13:30 — Inside the room: Why smart institutions make catastrophic decisions 21:30 — Guyana vs. Venezuela: How small nations navigate great-power neighbors 29:00 — Europe's twin crisis: Natural gas and diesel heading into winter 32:00 — Reading Putin: Why you should go to the source 38:00 — Ukraine as a civil war: The electoral map no one talks about 46:00 — World War III started in 2014: The end of the post-WWII architecture 53:30 — Taiwan: 12 days of natural gas, 98% hydrocarbon imports, indefensible 1:06:00 — China's rare earth strategy and the war of attrition thesis 1:13:00 — Missile production gaps and the arithmetic of Western defense 1:21:00 — While the West postures, Russia and China are quietly winning 1:27:00 — The Western Hemisphere oil thesis: All You Can Eat 1:32:00 — The Doomberg book: Thinking like a sovereign person, fall 2027 #Doomberg #EnergyGeopolitics #RaiseYourAverage #RussiaUkraine #EuropeanEnergyCrisis #GeopoliticalRisk #OilMarkets #TaiwanStrait #ChinaStrategy #NATOEurope #InvestingIn2026 #MacroInvesting #EnergyInvesting #DieselShortage #RareEarths #SovereignThinking #FinancePodcast #GlobalMacro #AdvisorAnalyst #InsightIsCapital

What if the most powerful skill in wealth management has nothing to do with finance — and AI can never learn it? In this episode of Insight Is Capital , host Pierre Daillie sits down with Edmund Chien, Behavioural Finance Expert and Coach at Flow Cap Advisory, whose unconventional path — from Ryerson's theatre school to a $70-million book of business — reveals why 93% of what happens in a client meeting is invisible to artificial intelligence. Edmund unpacks the 7-38-55 rule (7% words, 38% tone, 55% body language), shares unforgettable stories about reading the room under pressure, and makes a compelling case that improv comedy is the most underrated professional development tool in financial services today. Chapters 0:00 — Introduction: The question advisors are getting wrong about AI 1:37 — Edmund Chien: From theatre school to a $70M book of business 4:02 — The 7-38-55 rule: Why only 7% of communication is words 7:49 — The crossed-arms client: Reading body language to save the meeting 13:22 — Always be opening: Replacing the old sales playbook 15:30 — Behavioural finance and the limbic system: Why pitching too soon backfires 19:47 — Pop culture as rapport: Speaking the language of your client's generation 27:01 — The German client story: How punctuality closed a million-dollar account 34:46 — Introverts vs. extroverts in client-facing finance 40:03 — Myers-Briggs and knowing your own strengths 43:23 — Family office and multigenerational wealth: The highest expression of behavioural finance 49:00 — Why improv training belongs in every advisor's development plan 53:35 — Final advice: Start at Second City, budget for failure, grow for life #BehaviouralFinance #WealthManagement #FinancialAdvisor #AIandFinance #ClientRelationships #EmotionalIntelligence #ImprovForBusiness #SoftSkills #BodyLanguage #HighNetWorth #FamilyOffice #FinancialServices #AdvisorLife #738Rule #InsightIsCapital #AdvisorAnalyst #SalesSkills #MindsetMatters #FinanceLeadership #HumanConnection

What if the portfolio your clients think they own is actually just an expensive S&P 500 clone in disguise? In this episode of Raise Your Average , hosts Pierre Daillie (Managing Director, AdvisorAnalyst.com) and Mike Philbrick (CEO, ReSolve Asset Management) sit down with Wesley Gray, PhD (CEO and CIO, Alpha Architect) for a wide-ranging, no-nonsense conversation on factor investing, portfolio construction, and why the biggest threat to advisor value is hiding in plain sight. Wes brings his trademark Marine-meets-PhD directness to topics every advisor needs to hear: from the resurgence of value, to the behavioral and tax traps that quietly vaporize investor returns, to why transparency and process discipline are the only edges that compound over time. Chapters 0:00 The wirehouse portfolio problem: what a look-through analysis reveals 1:00 Introducing Wesley Gray, PhD, former Marine intelligence officer and founder of Alpha Architect 4:00 Value investing is back: what the resurgence of QVAL tells us about patience and premiums 7:00 Crawl, walk, run: sizing factor strategies so clients actually stay invested 13:00 The real return killers: taxes, frictional costs, and the liquidity trap 19:00 Capital efficiency: why concentrated factor exposure beats closet indexing 26:00 Line item vs. portfolio allocation: the tracking error conversation advisors must have 33:00 Portfolio X-ray: using look-through analysis to win clients and expose hidden costs 39:00 QVAL deep dive: how academic factor research translates into a real portfolio 46:00 Quantitative vs. discretionary management: why process beats gut instinct 53:00 Luck, skill, and the evidence-based process that makes you look lucky over time 58:00 How to hire, trust, and fire a quant manager 1:05:00 Human nature, behavioral finance, and why factor investing will always be boutique 1:08:00 What advisors get wrong when introducing a factor strategy to clients #FactorInvesting #ValueInvesting #AlphaArchitect #WesleyGray #RaiseYourAverage #ETFinvesting #PortfolioConstruction #QuantInvesting #BehavioralFinance #WealthManagement #AdvisorAnalyst #FinancialAdvisor #TaxEfficientInvesting #ReturnStacking #QVAL #EvidenceBasedInvesting #IndexFunds #ActiveManagement #FiduciaryAdvisor #InvestmentStrategy ```

Nearly half of Canadian financial advisors have no succession plan — and their clients have no idea. In this episode of Insight Is Capital , host Pierre Daillie sits down with Brent Allen, EVP and Head of Sales and Distribution at IG Wealth Management, to examine the findings of IG's third Advisor Perception Study. With roughly one-third of Canadian advisors planning to retire within the next decade, the succession challenge is no longer a distant concern — it is arriving now, and the industry is not ready. Brent brings a rare perspective: he has been an advisor, a regional vice president, and now leads a network of nearly 1,800 advisors serving over one million clients. Together, Pierre and Brent unpack why so many advisors — the very professionals who build retirement and estate plans for clients — have failed to plan their own exits, what the human cost of that gap looks like, and what a truly thoughtful succession model would require. CHAPTERS 00:00 The succession wave: what the data reveals 02:00 Brent Allen's path from advisor to EVP 05:30 IG's Advisor Perception Study: the numbers that surprised 09:30 Why advisors keep putting off their own succession plans 12:00 Dealer support gaps: structural or a matter of prioritization? 15:00 Building the next generation: teams, employee channels, internships 20:30 Canada's wealth drivers: tax, estates, and small business succession 22:30 Why client care ranks above price in advisor succession priorities 28:30 Informal handshake plans versus real business continuity 30:00 Why IG made business continuity planning mandatory for all advisors 35:30 Designing the ideal succession model: self-assessment and emotional readiness 39:00 The five stages of transition and the case for an Amazon-style process 42:30 Brent's own transition story: what he saw looking back after 10 years 46:00 The one question every client needs answered: "Am I going to be okay?" #SuccessionPlanning #FinancialAdvisor #WealthManagement #IGWealthManagement #CanadianFinance #AdvisorLife #FinancialPlanning #RetirementPlanning #BusinessContinuity #InsightIsCapital #WealthTransfer #AdvisorPodcast #FinancePodcast #CanadianAdvisors #FeeBasedAdvice #ClientFirst #AdvisorNetwork #FinancialServices #WealthAdvisor #MoneyPodcast

Your clients are probably already getting a lot of their investment intel from financial influencers like Marcos Milla — and that is one of the best things that's ever happened to your practice and to the investment advice profession. On this episode of Insight Is Capital , host Pierre Daillie sits down with Marcos Milla, the 25-year-old founder of ETF Academy Media, who built a 57,000-subscriber YouTube channel and a thriving B2B media business by doing something deceptively simple: asking ETF portfolio managers the questions retail investors don't know to ask. What began as late-night YouTube sessions after twelve-hour days at the Federal Reserve has become one of the most-watched independent voices in the ETF space, generating over 20 million monthly views across platforms. Pierre and Marcos explore the blurring line between financial education and financial influence, the ethics of sponsored content in a world where a single video can move fund flows overnight, and why the advisor who dismisses a YouTube-informed client may be making a far costlier mistake than the client ever could. And frankly, what does it really say about how the financial advice profession needs to evolve? Episode Chapters 00:00 — Introduction: How retail investors are discovering ETFs before their advisors do 02:00 — Marcos's origin story: from Domino's cashier to Federal Reserve examiner to YouTube 09:00 — The wholesaler analogy: how creator media is replacing traditional ETF distribution 10:30 — Navigating conflicts of interest: how ETF Academy decides who to work with (and who to turn away) 20:00 — Distributed due diligence: why Marcos's interviews are, for many viewers, the closest thing to professional research they'll ever access 25:30 — Framework vs. buy signal: how Marcos thinks about retail influence and investor responsibility 29:30 — Why ETF issuers and retail investors are skeptical of advisors — and what advisors can do about it 35:30 — Who's actually watching: the 25-to-40 demographic reshaping the advice conversation 36:30 — The most sophisticated (and surprising) questions Marcos gets from viewers 49:00 — What advisors should do when a client walks in with a YouTube-formed opinion 55:30 — Embrace or be left behind: the financial literacy floor is rising, and so is the ceiling for advisors who get it #ETF #ETFInvesting #FinancialLiteracy #RetailInvestor #InvestingForBeginners #ETFAcademy #MarcosMilla #FinancialEducation #WealthManagement #InvestmentAdvisor #PersonalFinance #ETFNews #FinTok #PassiveInvesting #DividendInvesting #CoveredCallETF #IncomeInvesting #InsightIsCapital #AdvisorAnalyst #FinanceYouTube

What if the biggest winners of the global AI arms race aren't in Silicon Valley — and passive investors are already exposed to them without knowing it? Host Pierre Daillie sits down with Kevin Carter, CIO of EMX ETF, for a conversation that fundamentally reframes what emerging markets means in the age of AI. Kevin reveals how three semiconductor giants — TSMC, Samsung, and SK Hynix — have quietly come to represent a third of the MSCI Emerging Markets Index and nearly all of its recent returns, why the hyperscaler CapEx debate misses the real story, how China's open-weight AI models have already surpassed US models in total token usage, and why India may become the world's most important AI implementation market. From DeepSeek's origin story and China's Six AI Tigers to a stunning ETF performance gap that blindsided Vanguard investors, this conversation challenges everything advisors think they know about international allocations. Chapters 0:00 — The old EM story vs. the new one: three chip names now own 31% of the benchmark 1:00 — Welcome: Kevin Carter returns to Insight Is Capital 3:30 — Is the MSCI EM Index still doing its job? The concentration question 6:30 — The Mag Three: how TSMC, Samsung, and SK Hynix drove EM past the S&P 9:00 — Where all that hyperscaler CapEx is actually going 11:30 — $965 billion in two years: the Mag Three's staggering profit outlook 13:00 — iShares vs. Vanguard: how Korea exclusion cost investors 30 percentage points 15:00 — EM as a direct beneficiary of US AI infrastructure spending 21:00 — The five-layer AI stack: who really controls the supply chain 24:00 — Power constraints: China has three times the US electricity capacity 25:30 — The model layer: OpenAI, Anthropic, and the race at the top 31:30 — China's Six AI Tigers and Tsinghua University's startup machine 34:00 — DeepSeek's origin story: from quant hedge fund to AI disruptor 35:30 — The DeepSeek moment: $6.5M model, Nvidia drops 30% 38:00 — Chinese models now lead globally in total token usage 39:00 — From token maxi to token mining: the bill arrived 43:00 — Unintended consequences: how chip sanctions accelerated China's innovation 46:30 — Hong Kong's AI IPO pipeline: 300 listings in the queue 55:30 — India's AI thesis: implementation over frontier model development 59:30 — Final word: what advisors should tell clients about EM today 1:02:00 — Wrap-up: EMX ETF, EMQQ, FMQQ, and the TGRZ Tigers LLM ETF #EmergingMarkets #AIInvesting #TSMC #DeepSeek #ChineseAI #EMXetf #EMQQ #MagThree #AISupplyChain #OpenWeightAI #IndiaAI #HongKongIPO #KimiK3 #TGRZetf #InsightIsCapital #AIStocks #Semiconductors #GlobalInvesting #WealthManagement #FinancePodcast #MacroInvesting #PierreDaily #KevinCarter #ETF #AIRace ```

While everyone else was at the beach celebrating another S&P up year, global value stocks quietly returned 50% — and Meb Faber is done being polite about it. Cambria Investment Management Founder and CIO Meb Faber joins Pierre Daillie on Insight Is Capital for a conversation that starts where most investment discussions are too comfortable to go. US equities are expensive, concentrated, and priced at CAPE ratios within striking distance of their all-time peak. Yet the complacency is total: the S&P is up mid-teens again, the beach crowd is happy, and almost no one is paying attention to the fact that global value stocks returned 50% last year and are up 25% again this year. Meb and Pierre dig into why that gap exists, what it reveals about herd behavior and passive indexing dogma, and what a genuinely diversified portfolio — one that includes shareholder yield, trend following, real assets, and ex-US exposure — actually looks like in practice. Along the way, Meb dismantles some of the most persistent myths in finance: that dividends are a free bonus, that T-bills are safe, that passive indexing means owning the S&P 500, and that buybacks are a modern invention. His new book, Investing in America: The Rise of a 250-Year Bull Market , surfaces as the historical backdrop to all of it — a reminder of what patient capital actually earns across generations, and a quiet indictment of everything designed to distract investors from that truth. Timestamped Chapters 00:00 — Introduction: 250 years, one chart, $1 into $200 million 03:00 — COVID, meme stocks, and a generation let in through the casino door 06:30 — Creative destruction: why the top companies of every decade eventually vanish 09:00 — Railroads, dark fiber, AI: how every bust seeds the next expansion 12:30 — The valuation problem: writing a US bull market book when US stocks are historically expensive 15:30 — CAPE at 42, dividend yield at 1%: the global opportunity hiding in plain sight 18:00 — The 50% return nobody at the beach is talking about 21:00 — Time Billionaires: human capital, ownership mentality, and the delayed gratification problem 26:30 — Young investors have always been gamblers — the narrative of desperation is wrong 27:30 — Nominal vs. real: why T-bills have had a 50% drawdown and almost no one knows it 30:00 — The dividend myth: 80% of retail investors think a dividend is a free check 35:30 — Shareholder yield: why ignoring buybacks gives you an incomplete and often negative picture 44:00 — SYLD's 10-year track record: top decile across three geographies 46:00 — Energy: from a third of the S&P to under 5%, and what that asymmetry means now 50:00 — Trend following and managed futures: the AI optimizers say 15 to 30%, zero investors do it 55:00 — The investing pyramid: the 80% that matters before any of the sexy 20% 01:01:00 — Passive investing's Achilles heel: market cap weighting loads you into the most expensive things at the worst time 01:08:00 — The passive dogma problem: nobody who calls themselves an indexer actually indexes globally 01:13:00 — One habit young investors must build; one habit seasoned investors must unlearn #MebFaber #CambriaInvestments #GlobalDiversification #ShareholderYield #InternationalEquities #ValueInvesting #TrendFollowing #ManagedFutures #PassiveInvesting #ETFinvesting #FactorInvesting #BehavioralFinance #WealthManagement #InvestmentStrategy #FinancialAdvisor #PortfolioConstruction #InsightIsCapital #AdvisorAnalyst #StockMarket #GlobalValueStocks

What if the firm disrupting the ETF industry launched 197 funds in its first year — and priced them cheaper than Vanguard? Jeff Weniger, Chief Investment Strategist at Corgi Invest, joins hosts Pierre Daillie and Mike Philbrick on Raise Your Average for a wide-ranging conversation that moves from the macro landscape of mid-2026 — rising yields, a surprisingly hot economy, and the great AI infrastructure build-out — to the audacious product shelf of one of the ETF industry's boldest new entrants. Jeff brings his trademark macro clarity, market history, and plain-spoken honesty to a conversation that covers bubbles, bond vigilantes, copper, fiscal profligacy, and the case for precision over breadth in portfolio construction. Timestamped Chapters 00:00 — Bubbles as a feature of capital formation: railroads, dark fiber, and the AI build-out 06:00 — Introducing Jeff Weniger and Corgi Invest: 197 ETFs, a war machine, and a price war 07:00 — Where are we in the cycle? The economy may be running hotter than you think 11:00 — Rising long-term yields: fiscal profligacy or economic strength? The gold and Bitcoin argument 18:00 — The new Fed under Kevin Warsh: protecting the plumbing, not the price 20:00 — Rising yields as opportunity: Jesse Livermore, the 10-year benchmark, and round number psychology 27:00 — De-equitization, the SpaceX IPO, and what a wall of worry actually looks like 31:00 — Are we in a bubble? Pets.com vs. GameStop vs. Nvidia: which was actually crazier? 38:00 — The Nifty 50, Toronto condos, and how long it takes markets to bubble again 42:00 — The Mag Seven is just chilling: why no giddy tape may mean no bubble 45:00 — Dr. Copper, energy's comeback, and the capacity inputs the market is ignoring 48:00 — Nominal GDP, CPI, and Scott Bessent's bet on growing out of the debt burden 52:00 — Apartment rents, the K-shaped economy, and what CPI is really telling you 57:00 — Jeff's eighth day at Corgi: the story of a tech unicorn that decided to launch ETFs 01:00:00 — The Corgi product shelf: thematics, leveraged funds, buffers, and beta at cost 01:01:00 — Buffer ETFs explained: who they're for and why 30 bps beats the field 01:06:00 — Competing on expense ratio against Vanguard and BlackRock: no false illusions 01:11:00 — The T-bill play: five basis points vs. nine — and why every basis point matters More... Corgi Invest Jeff Weniger on Linkedin #RaiseYourAverage #ETFinvesting #JeffWeniger #CorgiInvest #BufferETFs #MacroInvesting #InterestRates2026 #AIboom #ThematicETFs #BondMarket #WealthManagement #AdvisorInvesting #FinancialAdvisor #MarketOutlook2026 #AdvisorAnalyst #PierreDaillie #MikePhilbrick #ETFstrategy #PortfolioConstruction #CopperBull

What do electricity, a forgotten 1920s financier, and Bobby Orr have to do with building a portfolio that wins in 2026? More than you think. Pierre Daillie sits down with David Wong, Group Chief Investment Officer at CIBC Global Asset Management, who oversees investment teams across Canada and the US and runs more than $100 billion in managed solutions. With nearly three decades of experience, including a front-row seat to the 2008 crisis in New York, David brings a rare "anything can happen" perspective to a market that looks constructive yet crowded. The conversation ranges from the AI super cycle and why it may rhyme with the 1870 to 1970 productivity boom, to the uncomfortable lesson of Samuel Insull, who backed the right technology and still faced ruin. David lays out where conviction and caution sit in equities and fixed income, why Canada deserves a second look, and how quant, low volatility, alternatives and high-conviction active management each play a role on an all-star roster built for any kind of game. Along the way, he pulls back the curtain on how a $400 billion manager actually makes decisions, from a monthly investment committee to a daily 8 AM "Kaizen" meeting that brings a couple hundred people together across North America. The episode closes with the one thing David believes advisors are underestimating right now. Chapters 00:00 Introduction: offense, defense and discipline 02:00 David's path from Bay Street summer student to Group CIO 07:00 The AI super cycle and Robert Gordon's productivity thesis 14:00 Financing the boom: the Samuel Insull warning 17:30 Equities: earnings breadth, valuations and strategic allocation 20:30 Canada's second look: resources, power and the AI build-out 22:30 Tech concentration and the second-order effects nobody sees yet 27:00 Building the core: quant strategies and active conviction 30:00 Fixed income: rising yields and the 1977 to 1981 lesson 34:30 Where the fixed income opportunity sits today 38:30 The all-star team: offense, defense and two-way players 45:00 Heroes without capes: the real alpha advisors deliver 46:00 Running $100 billion: investment committee and the Daily Kaizen 54:30 Alternatives and real assets: the LeBron James role 58:30 Total portfolio thinking and the power of the IPS 61:00 What really matters after three decades 67:00 What advisors are underestimating right now 69:00 Closing thoughts #InsightIsCapital #DavidWong #CIBCAssetManagement #PortfolioConstruction #AssetAllocation #AISuperCycle #Investing #WealthManagement #FinancialAdvisors #FixedIncome #BondYields #CanadianEquities #TSX #Diversification #QuantInvesting #LowVolatility #ActiveManagement #Alternatives #HedgeFunds #PrivateCredit #MarketOutlook2026 #InvestmentStrategy #BehavioralFinance #AdvisorAnalyst #FinancePodcast

A business owner can spend a lifetime building something extraordinary, and still have it quietly dismantled at death by a tax bill no one planned for. In this episode of Cover Your Assets, hosts Pierre Daillie and Ayal Cohen are joined by Eric Orr, Advanced Case Director of Sales at IA Financial Group, for a deeply illuminating conversation about what it really takes to protect a business owner's wealth, legacy, and the continuity of everything they have built. Drawing on 25 years of experience as an advisor and advanced case specialist, Eric helps advisors see what most business owners cannot yet see for themselves: that even the most carefully structured estates, shareholder agreements, and holding companies can unravel at the moment of transition, not from poor intentions, but from the absence of liquidity when it matters most. Eric walks through how CRA's very legal form of double taxation silently erodes business estates, why a beautifully drafted buy-sell agreement offers no protection without funding behind it, and how Canada's wealthiest families use cascading and corporate-owned insurance to move generational wealth elegantly and tax-efficiently. He also shares how advisors can open these conversations in ways that feel natural and genuinely helpful, surfacing planning gaps that business owners and their families did not know existed, and guiding them toward strategies that preserve what they have spent a lifetime creating. Whether you work in insurance, wealth management, or both, this episode reframes advanced insurance planning not as a product conversation, but as one of the most powerful acts of stewardship an advisor can offer. Chapters 00:00 The problem no one sees coming: four liabilities, one moment 02:00 Eric's path from advisor to advanced case specialist 05:00 Why estates fail: planning gaps, CRA exposure, and family conflict 08:00 Family meetings, equalization, and keeping wealth intact across generations 11:00 The true tax exposure at death for business owners 12:00 CRA's legal double taxation, explained 14:00 Post-mortem planning most accountants never see 18:00 Buy-sell agreements: the plan behind the plan 20:00 Funding the transition: why insurance solves what liquidation cannot 25:00 Case study: a second-generation business, leveraged and exposed 30:00 Reframing insurance: from product to wealth preservation mechanism 33:00 How affluent families cascade insurance across generations 36:00 Corporate dollars, lower tax rates, and greater capital efficiency 40:00 Bringing accountants into the conversation as allies 44:00 How advisors can open the door to planning conversations naturally 47:00 Illustrating the cost of inaction: pennies protecting dollars 51:00 Death, taxes, and choosing who inherits: CRA or your family 54:00 When clients say they are already covered: finding the gaps 59:00 Closing reflections More... Eric Orr on Linkedin #EstatePlanning #SuccessionPlanning #LifeInsurance #WealthTransfer #BusinessOwners #TaxPlanning #FinancialAdvisors #InsuranceAdvisors #BuySellAgreement #CorporateInsurance #CanadianTax #WealthManagement #FamilyBusiness #LegacyPlanning #CRA #BusinessContinuity #InsuranceStrategy #WealthPreservation #CoverYourAssets #IAFinancialGroup

Ric Edelman was early on Bitcoin. He was right. Now he explains why the argument has changed completely. Ric Edelman, founder of Edelman Financial Engines (one of the largest independent RIA Firms in the U.S.), the Digital Assets Council of Financial Professionals (DACFP) and one of the architects of modern independent wealth management, joins Pierre Daillie and Mike Philbrick on Raise Your Average for a searching, unvarnished conversation about where the digital asset story actually stands today. With Bitcoin off roughly 50% from its peak and public attention captured by AI, Edelman reframes what this moment demands of advisors and investors. He traces the arc from being booed off stages in 2013 to watching Morgan Stanley tell its sixteen thousand advisors to allocate two to four percent to crypto, and argues that the real inflection point has already passed. The conversation moves well beyond price, covering the quiet institutionalization of blockchain rails inside the largest banks on earth, why a 90-year-old client may have every reason to own crypto, how advisors are quietly losing clients to an asset class they refuse to understand, and why the stalling of the CLARITY Act exposes a more troubling political dynamic than most observers have admitted. Chapters 00:00 – Introduction: why most Bitcoin opinions haven't been earned 01:00 – Who is Ric Edelman? DACFP, Edelman Financial Engines, and the long conviction 07:00 – Bitcoin's 50% drawdown in context: behavioral lessons that apply to every asset class 09:00 – Why AI stole crypto's thunder (and why that may be an opportunity) 11:00 – Ric's origin story: from "digital what?" in 2012 to founding DACFP 16:00 – Bitcoin vs. Amazon: the chart that changes the conversation 19:00 – The CLARITY Act: why it stalled, who to blame, and why it may not matter 22:00 – How allocator sentiment has shifted from passion to shrug (and why that's healthy) 25:00 – TradFi adoption: JP Morgan, Goldman, Morgan Stanley, and the race to tokenize 28:00 – The training gap: why the C-suite is ready but advisors still can't answer client questions 32:00 – Beyond Bitcoin ETFs: 200+ crypto products advisors don't know exist 35:00 – Why older advisors say "why bother?" and why that logic is quietly destroying their books 40:00 – The 90-year-old client: asset allocation in the image of your heirs 48:00 – Tokenization and stablecoins: the plumbing that changes everything 54:00 – Real-world use cases: casinos, capital efficiency, and the velocity of money 57:00 – The American blind spot: why two billion people see crypto as a lifeline 01:01:00 – Why Wall Street didn't die: it adopted the rails instead 01:05:00 – Trump, the CLARITY Act ethics clause, and the politics of crypto self-dealing 01:09:00 – Where to start: DACFP, the CBDA designation, and The Truth About Crypto 01:13:00 – Final thought: crypto as the most intellectually interesting asset class alive DACFP - Digital Assets Council of Financial Professionals Ric Edelman on Linkedin #Bitcoin #CryptoForAdvisors #DigitalAssets #DACFP #RicEdelman #BitcoinETF #Tokenization #Stablecoins #ClarityAct #CryptoRegulation #WealthManagement #FinancialAdvisors #RIA #BlockchainAdoption #CryptoEducation #RaiseYourAverage #InvestmentAdvisors #PortfolioAllocation #BitcoinAllocation #CryptoInvesting #CBDA #FinancialPlanning #AdvisorTech #CryptoMarket #BitcoinBehavior

35% of Canadian retail investors have made a financial decision because of a finfluencer. Here's why that's the best news advisors have heard in years. The way investors learn about money has been rewired, scroll by scroll, on platforms never built for financial advice. In this episode of Insight is Capital, Pierre Daillie sits down with Stephanie Wolfe, EVP and Head of Marketing at Global X Canada , to unpack what her team's research reveals about how Canadians actually consume financial content, and why the rise of finfluencers, short-form video, and AI verification tools may be strengthening, not eroding, advisor credibility. Here's what the research revealed: Facebook was #1 with Boomers at 86% and Gen X at 82% Gen Z Top 3: YouTube 81% / Instagram 75% and TikTok 75% 70% of Canadian investors watch Finfluencer content: • 94% of Gen Z watch 4.9 x a week • 80% of Millennials watch 2.5x a week • 71% of Gen X watch 1.9x a week • 54% of Boomers watch 2.3x a week Drawing on two decades of financial marketing leadership at Franklin Templeton, BlackRock, and now Global X, Stephanie explains why the trust equation has shifted from brands to people, what a Reddit AMA taught her about authenticity, and how time-crunched advisors can meet clients where they are without becoming content creators themselves. She also shares a sneak peek of unreleased research on how AI is lengthening, and reshaping, the investor decision journey. Chapters 00:00 - The ground has shifted: finfluencers go mainstream 03:40 - Stephanie's career arc: Franklin Templeton, BlackRock, Global X 05:45 - What the research says investors actually want 10:50 - "They don't know what they don't know": the new client conversation 13:30 - The two-to-five-minute sweet spot and Dunbar's number 15:50 - Quarterly client events as trust and referral engines 20:05 - The access gap: investors who can't find an advisor 22:40 - Inside a Reddit AMA: how trust really works on platforms 27:45 - Content strategies for time-crunched advisors 31:20 - Sneak peek: new research on AI, finfluencers, and Quebec investors 36:30 - The biggest content mistake hiding in plain sight 40:10 - Deepfakes, regulation, and the next two years 44:20 - How investors really make decisions: signals, not straight lines #Finfluencers #FinancialAdvisors #Investing #ETFs #WealthManagement #GlobalXCanada #InvestorEducation #FinancialMarketing #PersonalFinance #CanadianInvestors #AIinFinance #FinTwit #AdvisorMarketing #FinancialContent #InsightIsCapital

Three years ago, BMO Global Asset Management (BMO GAM) launched a fund that defied traditional categories. It wasn't quite equity, and it wasn't quite fixed income. Advisors weren't always sure where it fit, and that was precisely the point. Today, the BMO Strategic Equity Yield Fund has grown to $1.3 billion in assets. In this special anniversary episode of Insight Is Capital, BMO GAM CEO Bill Bamber returns to discuss the thinking behind the strategy, the problem it was designed to solve, who may benefit from it, and where it belongs in a portfolio. Drawing on three decades of experience in global capital markets, Bill explores why Canada has emerged as a leader in structured solutions, how investor needs are reshaping portfolio construction, and the rise of what he calls convergence investing. Along the way, he offers a fresh perspective that could change how advisors think about model portfolios. Listen to the full conversation here. Chapters 00:00 Introduction: The Two-Box Problem 02:00 Bill Bamber's Career Arc: TSX Floor to BMO GAM 04:30 The Convergence Investing Mandate 05:30 SEYF at Three Years: $1.45B and What Was Delivered 07:30 The Yield Gap: Demographics, Rates, and Sticky Inflation 11:00 Auto-Callables vs. Covered Call Funds 17:00 Why Canada Became a Global Structured Products Leader 19:30 How an Auto-Callable Note Works: Plain-Language Mechanics 24:00 From a Single Note to a Portfolio of 118 26:00 The Unexpected Benefits of Trading at Scale 30:00 Fee-Based Accounts and the Advisor Business Case 32:00 Evergreen Exposure and the Elimination of Timing Risk 35:00 Auto-Callables as an Asset Class, Not a Trade 37:00 Where SEYF Fits in the Portfolio: The Sleeve Question 39:00 Drawdown Behavior, the 8% Target, and When It Disappoints 44:00 Three Years at Scale: What the Team Learned 46:00 New Access: MFDA Advisors and Democratized Structured Products 48:00 What's Next: ZCDX and the Credit Default Swap Market 49:30 Is Convergence Investing a Category, or the New Default? Please watch to the end of the video for full disclaimers. For more BMO Strategic Equity Yield Fund details and disclaimers please read here . #StructuredProducts #AutoCallables #IncomeInvesting #YieldInvesting #BMO #BMOGlobalAssetManagement #SEYF #ConvergenceInvesting #CanadianInvesting #ETF #FixedIncomeAlternatives #WealthManagement #FinancialAdvisors #InvestmentStrategy #AlternativeIncome #PortfolioConstruction #DownsideProtection #RetirementIncome #InsightIsCapital #AdvisorAnalyst #CanadianFinance #ZCDX #ZAAA #BillBamber #PierreDaillie #FinancePodcast #CanadianMarkets