He expected praise at breakfast and got a termination letter, but the real twist came later

A veteran financial advisor walked into a hotel expecting praise for his work. He walked out with a termination letter. Years later, a judge upheld the firing, but on a ground his former firm discovered only after he was already gone.

In reasons released June 23, 2026, Justice Morishita of the Supreme Court of British Columbia dismissed a wrongful dismissal claim against Investors Group Financial Services Inc. The plaintiff, a financial advisor, had spent 27 years with the firm, building a book of roughly 500 clients and about $92.5 million in assets before being let go in May 2018.

A breakfast meeting that ended 27 years at the firm

On the morning of May 23, 2018, the advisor arrived at a Victoria hotel expecting good news about his work. Instead, an executive handed him an envelope ending his contract. The letter inside gave a single reason: "The basis for this termination is our assessment that you are unsuperviseable."

The firm's concerns had been building since 2016. Investors Group had flagged his failure to promptly disclose that an elderly, long-time client had named him a beneficiary in her will, a series of fund switches it viewed as generating commissions for him, and his handling of three action plans on the risk levels in his older clients' portfolios. Together, the company concluded he could no longer be supervised.

Justice Morishita was not persuaded that any of this,...

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