Herman Chan on the benefits and challenges of going independent
Herman Chan shares his journey from journalism to becoming a financial planner. After years of working with major firms, he transitioned to independent advice with his own firm, Crimson Financial. He discusses his upbringing and the principles that guide his practice.
- ▪Herman Chan initially pursued a career in journalism before shifting to financial planning.
- ▪He worked for 15 years at firms like RBC and London Life before going independent.
- ▪Chan emphasizes the importance of the 'Platinum Rule' in his advisory practice.
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| Original publisher | The Globe and Mail |
| Canonical URL | https://www.theglobeandmail.com/investing/article-herman-chan-on-the-benefits-and-challenges-of-going-independent/ |
| Publication time | Wed, 27 May 2026 16:12:27 +0000 |
| Retrieval time | 2026-05-27T16:23:01.931Z |
| Last seen | 2026-05-27T16:23:01.931Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | FmOexWuWmibw |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountFor the best listening experience and to never miss an episode, subscribe to Behind the Advice on your favourite podcast app or platform: Apple Podcasts, Spotify, and Amazon Music.Herman Chan’s path to becoming a financial planner was anything but linear. He started out with a journalism degree and a dream of being a sports writer, before a stint in retail management convinced him it was time for a career change. After 15 years of supporting other advisors at major firms such as RBC and London Life (now Canada Life), Herman took the leap into independent advice.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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