➡️ Get your FREE concise study guide and 20% OFF the full study guide with mock test to prepare your CSC Exam at ⁠⁠⁠⁠⁠⁠⁠⁠Mtalks.ca⁠⁠⁠⁠⁠⁠⁠⁠!

• • Download your FREE CSC Study Guide: ⁠⁠⁠⁠⁠https://www.Mtalks.ca⁠⁠⁠⁠⁠

  • Get the Full CSC Study Package: ⁠⁠⁠⁠⁠https://www.Mtalks.ca/study-package⁠

In the Season 2 Finale of Money Talks, host Rita and financial expert Jonathan Cartier decode the complex world of Institutional Clients. We move beyond retail investing to explore how the "whales" of the Canadian Stock Market—pension funds, mutual funds, and hedge funds—move millions of dollars without tipping the scales.

If you are preparing for your Canadian Securities Course (CSC) or want to understand the mechanics of the TSX and Bay Street, this episode provides a breakdown of the Buy Side vs. Sell Side dynamic. Jonathan explains the high-stakes environment of Dark Pools, the speed of High Frequency Trading (HFT), and the specific roles of Portfolio Managers and Liability Traders.

[00:00] Welcome & Market Update (Gold, Crypto & Tech Sector)
[02:15] Defining the Institutional Client (The Whales)
[03:30] Buy Side vs. Sell Side Explained
[05:10] Front, Middle, and Back Office Structure
[07:20] Revenue Sources: Spreads, Commissions & Prime Brokerage
[09:00] Clearing, Settlement & STP
[11:00] Roles: Agency vs. Liability Traders
[13:45] Algorithmic Trading, HFT & Dark Pools

You can listen to this episode on :

Apple Podcasts Link: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://podcasts.apple.com/ca/podcast/money-talks-your-guide-to-the-canadian-securities/id1828548549⁠⁠⁠⁠⁠⁠⁠⁠⁠

Spotify Link: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://open.spotify.com/show/2FkGdY1vJxjnUeUzXEpVDI?si=7c8ffe74842342ba⁠⁠⁠⁠⁠⁠⁠⁠⁠

YouTube:

⁠⁠⁠⁠⁠⁠⁠⁠⁠Link: https://youtu.be/FZm-2dKcmBU?si=9CORewOvs_FV_NGY⁠

Disclaimer: This podcast is for educational purposes only and should not be considered financial advice.Keywords: Canadian Securities Course, CSC Chapter 27, Institutional Investing, TSX, Financial Education Canada, Investment Dealer, Hedge Funds, Dark Pools, Algo Trading.

➡️ Get your FREE concise study guide and 20% OFF the full study guide with mock test to prepare your CSC Exam at ⁠⁠⁠⁠⁠⁠⁠Mtalks.ca⁠⁠⁠⁠⁠⁠⁠!

• • Download your FREE CSC Study Guide: ⁠⁠⁠⁠https://www.Mtalks.ca⁠⁠⁠⁠

  • Get the Full CSC Study Package: ⁠⁠⁠⁠https://www.Mtalks.ca/study-package⁠

Whether you're a new investor looking to buy your first TSX stock, a student preparing for the Canadian Securities Course (CSC) or the new 2026 CIRO exams, or simply someone who wants to secure their financial future, this episode is your definitive guide.

Financial professional Rachel Underwood joins us to demystify the entire financial planning process. We break down the exact six-step framework that top advisors use to build wealth for their retail clients, ensuring that every investment recommendation has suitability and aligns with a client's life goals.

Are you preparing for a career in finance? Don't miss this episode. And when you're ready to ace your exams, visit Mtalks.ca for the best study guides and mock exams for the Canadian Securities Exam and the upcoming CIRO curriculum.

(0:00) Introduction: Your Path to Acing the CSC & CIRO Exams
(1:45) The 6-Step Blueprint for a Perfect Financial Plan
(4:10) The "Know Your Client" (KYC) Rule Explained
(6:30) The Life-Cycle Hypothesis: Investing for Every Age
(9:15) The Critical Role of Cash in Your Portfolio (Emergency Fund & Dry Powder)
(11:00) Estate Planning 101: Wills, Executors, and Probate in Canada
(13:25) Avoiding Costly Mistakes: Joint Tenancy vs. Dying Intestate
(15:10) The 5 Ethical Values Every Canadian Investor Should Demand

You can listen to this episode on :

Apple Podcasts Link: ⁠⁠⁠⁠⁠⁠⁠⁠https://podcasts.apple.com/ca/podcast/money-talks-your-guide-to-the-canadian-securities/id1828548549⁠⁠⁠⁠⁠⁠⁠⁠

Spotify Link: ⁠⁠⁠⁠⁠⁠⁠⁠https://open.spotify.com/show/2FkGdY1vJxjnUeUzXEpVDI?si=7c8ffe74842342ba⁠⁠⁠⁠⁠⁠⁠⁠

YouTube:

⁠⁠⁠⁠⁠⁠⁠⁠Link: https://youtu.be/FZm-2dKcmBU?si=9CORewOvs_FV_NGY⁠

Disclaimer: This podcast is for educational purposes only and should not be considered financial advice.

Episode Keywords/Tags: In your podcast host (e.g., Libsyn, Buzzsprout) and on YouTube, use a mix of broad and specific tags: Investing for Beginners, Canadian Securities Course, CIRO Exam Prep, Financial Planning Canada, Estate Planning Canada, How to Invest in TSX, Personal Finance Podcast, Wealth Management, Financial Advisor Ethics, Know Your Client Rule.

➡️ Get your FREE concise study guide and 20% OFF the full study guide with mock test to prepare your CSC Exam at ⁠⁠⁠⁠⁠⁠Mtalks.ca⁠⁠⁠⁠⁠⁠!

• • Download your FREE CSC Study Guide: ⁠⁠⁠https://www.Mtalks.ca⁠⁠⁠

  • Get the Full CSC Study Package: ⁠⁠⁠https://www.Mtalks.ca/study-package⁠

Ever wonder if your financial advisor truly has your best interests at heart, or if you're paying too much in hidden commissions? The shift from commission-based models to fee-based accounts is one of the most significant changes in the Canadian investing landscape, and understanding it is crucial for growing your wealth.

In this episode of Money Talks, we sit down with financial professional Rachel Underwood to demystify the world of fee-based accounts. We break down exactly how these structures work, helping you decide if they're the right fit for your portfolio. Whether you're a seasoned investor, a beginner navigating the Canadian stock market, or studying for your Canadian Securities Course (CSC) exam, this episode provides a clear, comprehensive roadmap.

Learn the critical differences between managed accounts and non-managed accounts, explore the advantages of Separately Managed Accounts (SMAs), and find out if a robo-advisor in Canada is the right low-cost solution for you. Stop paying for transactions and start investing in a relationship built on performance and trust.

• • (00:00) Introduction to Fee-Based vs. Commission models.

  • (03:15) The Key Advantages & Disadvantages of Fee-Based Accounts for Canadian Investors.

  • (07:30) Deep Dive into Managed Accounts: What are Discretionary Accounts?

  • (10:50) Mutual Fund Wraps vs. ETF Wraps: Which is better for you?

  • (14:20) Advisor-Managed vs. Separately Managed Accounts (SMAs): A guide to personalized wealth management.

  • (18:00) The Rise of the Robo-Advisor: Low-cost investing in the TSX.

  • (21:10) Final Takeaways: How to choose the right account structure for your financial goals.

You can listen to this episode on :

Apple Podcasts Link: ⁠⁠⁠⁠⁠⁠⁠https://podcasts.apple.com/ca/podcast/money-talks-your-guide-to-the-canadian-securities/id1828548549⁠⁠⁠⁠⁠⁠⁠

Spotify Link: ⁠⁠⁠⁠⁠⁠⁠https://open.spotify.com/show/2FkGdY1vJxjnUeUzXEpVDI?si=7c8ffe74842342ba⁠⁠⁠⁠⁠⁠⁠

YouTube:

⁠⁠⁠⁠⁠⁠⁠Link: https://youtu.be/FZm-2dKcmBU?si=9CORewOvs_FV_NGY

Disclaimer: This podcast is for educational purposes only and should not be considered financial advice.

Keywords: fee-based accounts, managed accounts, Canadian investing, beginner investing Canada, financial advisor Canada, investment fees, Canadian stock market, TSX, wealth management, robo-advisor, separately managed accounts (SMA), mutual fund wraps, Canadian securities course, CSC exam, finance podcast.