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Brian Owens

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Many doctors feel “betrayed” by sale of MD Financial Management

Brian Owens · June 5, 2018 ·

When the Canadian Medical Association (CMA) announced on May 31 that it was selling its financial services company, MD Financial Management, to Scotiabank for almost $2.6 billion, the reaction from physicians was swift and brutal.

MD clients and other CMA members took to social media to condemn the decision, complaining that they had not been consulted on the sale and voicing concern that MD’s reputation as a company focused on the needs of physicians first and foremost would be lost. Dozens of messages on Twitter and Facebook accused the CMA of failing its members. Read more in CMAJ.

Canadian Medical Association Journal CMA, financial planning, MD Financial Management, Scotiabank

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