OBSI BLOG

Seven Things to Remember when Considering a Group RESP

Post-secondary education is expensive but saving early will better financially prepare you and your family. Many banks, credit unions, investment firms, and scholarship plan dealers can help set up your RESP. Here are seven things to remember before you start.


What are the top complaints Canadians have about banks?

Rob Carrick of the Globe and Mail speaks with the Ombudsman for Banking Services and Investments, Sarah Bradley, about the top complaints Canadians have when it comes to their banks.


What are the top investment complaints Canadians have?

Rob Carrick of the Globe and Mail speaks with the Ombudsman for Banking Services and Investments, Sarah Bradley, about the top investment complaints Canadians bring to OBSI.

NEWS

Sentinel Financial Management Refuses to Compensate Investor
AUGUST 9, 2016

OBSI today announced the refusal of Sentinel Financial Management Corp. (Sentinel Financial) to compensate an investor $128,799 for losses caused by an advisor working for Sentinel recommending unsuitable investments.

“Sentinel Financial is responsible for the financial harm caused by one of its advisors,” said Ombudsman Sarah Bradley. “It’s rare for any firm to refuse our recommendation to compensate an investor when warranted. But this marks the fourth time Sentinel has refused an OBSI recommendation in the past two years. To date, Sentinel has refused to pay almost $450,000 in compensation to investors.”

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