➡️ 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.

Ever wish you could capture stock market gains without the risk of losing your hard-earned money? It might sound too good to be true, but a class of investments known as Structured Products aims to do just that.

In this episode of Money Talks, Rita is joined by financial professional Jonathan Cartier to demystify the world of structured products for the everyday Canadian investor. We break down the complex jargon into simple, actionable insights, exploring how these financially engineered tools can offer principal protection, enhanced yield, and unique market exposure.

This is a must-listen for beginner investors looking for safer ways to enter the Canadian stock market and an essential study guide for anyone preparing for the Canadian Securities Course (CSC) exam.

➡️ Get your FREE concise study guide and 20% OFF the full bundle 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

Episode Timeline & Key Topics:

• • (00:00) Welcome to Money Talks & How to Ace Your CSC Exam

  • (01:15) What Are Structured Products? The Simple Explanation

  • (02:05) The Key Advantages: Diversification, Access, and Principal Protection

  • (02:45) The Hidden Downsides: Complexity, Illiquidity, and High Fees

  • (03:30) Deep Dive: Principal-Protected Notes (PPNs) Explained

  • (04:22) The "Zero-Coupon Bond + Option" Structure: How PPNs Actually Work

  • (05:18) Why You Don't Get 100% of the Market Return: Participation Rates & Caps

  • (06:10) PPNs vs. Market-Linked GICs: The Critical Difference (CDIC Insurance)

  • (07:35) Understanding Split Shares: One Stock, Two Ways to Invest (Income vs. Growth)

  • (08:41) The Power of Leverage in Capital Shares (and the Big Risk)

  • (10:05) Asset-Backed Securities (ABS) & The Securitization Process

  • (11:10) Mortgage-Backed Securities (MBS) in Canada: The CMHC Guarantee

  • (12:04) Prepayment Risk: The #1 Risk for MBS Investors You Need to Understand

  • (13:00) The Single Most Important Question to Ask Before Buying a Structured Product

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

Keywords/Tags: Canadian investing, structured products, principal-protected notes, PPN, market-linked GIC, mortgage-backed securities, MBS, split shares, asset-backed securities, Canadian stock market, TSX, beginner investing, finance Canada, safe investments, high yield, financial literacy, Canadian Securities Course, CSC exam prep, wealth management.

Ready to grow your portfolio beyond the usual mutual funds and ETFs? The Canadian stock market (TSX) offers powerful investment tools that many beginners overlook. In this episode of Money Talks, we demystify the world of alternative managed products to give you an edge in your financial journey and your Canadian Securities Course (CSC) studies.

Financial professional Jonathan Cartier joins us to break down complex investments into simple, actionable concepts. We explore Segregated Funds, explaining how their insurance structure provides maturity guarantees and creditor protection. Discover Real Estate Investment Trusts (REITs) and learn how to become a fractional landlord, earning income from Canada's top properties. We also dissect Closed-End Funds, LSVCCs (and their valuable tax credits), and give you a look inside the high-stakes world of Private Equity.

➡️ Get your FREE concise study guide and 20% OFF the full bundle 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

(For YouTube & Blog Post - Add Timestamps)

⏰ Topics Covered:

• • 00:00 - Rita’s story: Overcoming the CSC exam struggle.

  • 02:15 - Introduction: Investing Beyond Mutual Funds.

  • 04:30 - What are Segregated Funds? (Maturity Guarantees, Death Benefits, Creditor Protection).

  • 10:10 - Closed-End Funds Explained (Trading at a discount vs. NAV).

  • 13:45 - How to Invest in Real Estate with REITs in Canada.

  • 17:00 - Mid-Show Break

  • 17:30 - LSVCCs: High-Risk Investing for Big Tax Credits.

  • 21:00 - Private Equity: How Retail Investors Can Get Access.

  • 24:15 - Key Takeaway: Matching the Right Investment to 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

Keywords: Canadian investing, Canadian stock market, TSX, beginner investing, financial podcast, segregated funds, REITs Canada, private equity, closed-end funds, LSVCC, Canadian Securities Course, CSC exam, wealth management Canada, diversify portfolio, finance basics.

Struggling with Alternative Investment Strategies and Performance for your CSC exam? You're not alone. This complex topic is crucial for success, and in this episode of Money Talks, we make it simple. Financial professional Jonathan Cartier breaks down everything you need to know about CSC Chapter 19.

This isn't just theory—it's a practical guide with real-world Canadian examples to help you understand, remember, and apply these concepts on exam day.

Episode Guide & Timestamps:

(00:00) Introduction & Big News: The launch of Mtalks.ca!
(01:15) Canadian Market Update: Why the TSX is booming.
(02:05) What Are Alternative Investments? The "carpenter's toolbox" analogy.
(02:45) Strategy 1: Relative Value Strategies

• • (03:10) Equity Market-Neutral Explained (RBC vs. TD Example)

  • (04:30) Convertible Arbitrage
    (05:20) Strategy 2: Event-Driven Strategies

  • (05:45) Merger Arbitrage Explained

  • (06:50) Distressed Securities
    (07:35) Strategy 3: Directional Strategies

  • (08:00) Long/Short Equity Funds

  • (08:45) Global Macro Strategies
    (09:20) Mid-Episode Break & How to Subscribe
    (09:55) How to Measure Performance (Crucial for the CSC Exam)

  • (10:10) The Sharpe Ratio: Risk-Adjusted Returns

  • (11:05) Maximum Drawdown & Time to Recovery

  • (11:45) Understanding Skew and Kurtosis
    (12:30) Due Diligence & Suitability: Key questions you'll be tested on.
    (14:10) Who Are Liquid Alts Best For? A summary for investors and students.
    (15:00) Your Exclusive Offer from Mtalks.ca

This episode is essential listening for anyone studying for the Canadian Securities Course (CSC) exam or seeking to advance their financial education and career in Canada.

Conquer your CSC Exam:
Ready to pass with confidence? Visit our new website at Mtalks.ca for clear study guides, mock exams, and chapter quizzes.
➡️ Get your FREE concise study guide and 20% OFF the full bundle at ⁠⁠Mtalks.ca⁠⁠!

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

Keywords: Alternative Investment Strategies, CSC Exam, Canadian Securities Course, Investment Performance, CSC Chapter 19, Sharpe Ratio, Due Diligence, Long/Short Equity, Arbitrage Strategies, Financial Education Canada, TSX, Investing Canada, Liquid Alts, Risk Management, Finance Career Canada

Stuck on Chapter 20 of the Canadian Securities Course? Confused by terms like "liquid alts," "absolute return," and "high-water mark"? In this game-changing episode of Money Talks, we demystify the complex world of Alternative Investments.

Financial professional Jonathan Cartier joins us to break down everything you need to know, whether you're a retail investor looking to diversify beyond the TSX or a student preparing to ace your CSC or upcoming CIRO exam. We go beyond theory with real-world examples from Canadian firms like Onex and major banks (RBC, BMO, CIBC, TD), explaining how these strategies perform in today's "reset mode" economy.

This isn't just another lecture—it's an immersive, conversational guide to mastering one of the most challenging topics in Canadian finance.

Timestamps:

• • (0:00) - Welcome & Canadian Market Outlook for 2025

  • (2:15) - What Are Alternative Investments? (The "Spices" Analogy)

  • (4:30) - The 3 Main Benefits: Diversification, Adding Alpha & Absolute Returns

  • (7:00) - Building an Absolute Return Portfolio: A Practical Guide

  • (9:15) - Liquid Alts Explained: Hedge Fund Strategies for Retail Investors (RBC, Fidelity examples)

  • (11:45) - What is a Fund of Hedge Funds (FoHF)?

  • (13:30) - High-Water Mark Explained with a Simple Example

  • (15:10) - The #1 "Risk Without Reward": Understanding Operational Risk

  • (17:00) - Exciting Announcement: The New Money Talks Website is Coming!

➡️ Get your FREE concise study guide and 20% OFF the full bundle at ⁠⁠Mtalks.ca⁠⁠!

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

Keywords/Tags: Alternative Investments, CSC Exam, CIRO Exam, Hedge Funds, Liquid Alts, Absolute Return, Canadian Investing, TSX, Portfolio Diversification, RBC, BMO, TD, Financial Podcast Canada, CFA, Wealth Management