MD Financial Management Reviews

Inferior Scotiabank culture is taking over after the purchase. Lots of subject matter experts have been absorbed into Scotiabank without being replaced. Teams gutted. The solution seems to be to shoehorn AI into every workflow to pick up the slack. Return to work mandate for teams that were happily and successfully working remotely even before the pandemic. Unclear strategy and churn.

Increased sales pressure with no fixes to the problems that led to this increased pressure. Compliance is weaponized to drive proprietary product selection. Management openly pressures staff to push higher margin PIC investments (including private market products) in spite of regulations meant to protect advisor independence and consumer protection. Books if business get reassigned according to manager whim with zero planning which has resulted in widespread client & advisor attrition over many years. Few advisors built their book, they just inherit and learn the ropes via trial by fire. Volume-based business with +200 households per advisor, many with +300.