With the unrolling of fee and performance reporting for 2016 under the new securities rules known as CRM2 (Client Relationship Model Phase 2), investors are becoming painfully aware of how much they have been paying. Before robo-advisers "if you had $100,000, what were your options to get advice?" he asks. He is pleased to be offering unbiased advice to smaller investors. "I've always liked smaller operations, but I never thought I'd be working for a tech firm."
A few months later, he became Invisor's fourth employee. He liked the idea of creating something brand new, he recalls. Miszk invited him out for a beer to see what he was up to.
Udiaver was leaving TD to start a new venture, Mr. Next, he moved to portfolio implementation, where he monitored big accounts and rebalanced their holdings. "It was a great job, really interesting," he recalls. Eventually, he moved to TD Asset Management, where he worked in operations, then moved to trading fixed-income securities. Miszk started his career at TD Canada Trust, where he sold mutual funds and arranged mortgage financing. Udiaver, who is chief executive officer, co-founded the firm two years ago with Dan Poole, chief operating officer and a chartered life underwriter, or CLU. Miszk met Invisor co-founder Pramod Udiaver, also a CFA charter holder, when they worked together at TD Asset Management Inc., the investment management arm of TD Canada Trust. We can provide quality advice and quality investment management to anyone via a smarter interface." "That way, we don't have to focus on just ultra-high-net-worth individuals. "The main difference between us and a typical portfolio management firm is that we use technology to reach more people," Mr.
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