Michael Thom

Michael Thom

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Michael Thom is the managing director for CFA Societies Canada, an organization dedicated to promoting ethical and professional standards in the investment industry. He has been vocal about the potential conflicts of interest arising from commission structures in investment advisory, particularly the adviser chargeback fees associated with mutual funds, highlighting the need for regulatory reforms to better protect investors.

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Recent news mentions

Michael Thom, managing director for CFA Societies Canada, said chargebacks put financial advisers in a position where they could encourage clients to continue to hold and not redeem mutual funds simply to avoid repaying a commission.

Investor advocates urge regulators to ban controversial sales commissions for mutual funds
The Globe and Mail·CanadaCanada· 2025-04-08
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