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The legal and regulatory environment is changing rapidly, particularly around same-sex marriage and other issues concerning our LGBT clients. I would open up a conversation with someone about what we need and what we require in an adviser and then I would hear all the jokes just after the conversation. So I decided to start my own practice, Compass, for people who were being discriminated against. Adviser satisfaction ratings with discretionary fund managers have dropped in the latest index from Defaqto. It may not be on gender, but on wealth and assets. Regardless of gender, from birth or choosing, just treat everyone fairly with respect, dignity and understanding.

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Thank you for your patience.

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Why gay clients need to be out to their financial adviser

A market-driven organisation is driven by what the market wants, regardless of what the marketing department feels like doing. Due to technical reasons, we have temporarily removed commenting from our articles. You self-implement my simple and cost-effective investment recommendations at the brokerage firm of your choice either on your own or with my help. Abound Financial and Lifestyle Planning understand that gay and lesbian clients face specific challenges when it comes to financial planning. The main driver for buying a product now within the gay community is price and service standards, the same things as any consumer cares about. To view your reading history, you must be logged in.

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A fiduciary is a professional who is legally bound to serve the interests of his clients. When I was coming out, it was the s, at the height of AIDS, and the things you would see in the press and the negativity around being gay, like calling it the 'gay disease,' there were all those kinds of factors," she says. I thought the initials had something to do with Bacon, Lettuce and Tomato sandwiches. Treat others as you wish to be treated Criticize ideas, not people Stay on topic Avoid the use of toxic and offensive language Flag bad behaviour Comments that violate our community guidelines will be removed. A recent report from the Bank of Montreal Wealth Institute pointed out that although the LGBT community has made great strides toward equality in Canada, some provincial and workplace policies put unmarried same-sex couples at a disadvantage when it comes to financial security.

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