The Globe and Mail reports in its Thursday edition that shifting from baking to Bay Street, two former Bank of Montreal executives and co-founders of Toronto's Sticky Bakery are returning to their roots with the launch of Delisle Advisory Group, a boutique investment advisory firm focused on families and high-net-worth Canadians. The Globe's Clare O'Hara writes that the former head of BMO Private Wealth Canada, Andrew Auerbach, and his wife, Jean Blacklock, an estate lawyer who spent more than a decade working in Bank of Montreal's private banking arm, received approval this week from the Ontario Securities Commission to open a discretionary investment counselling firm. Unlike the vast majority of traditional Canadian wealth managers, Delisle will operate under a fiduciary standard model, in which an adviser is required to put the interest of a client ahead of their own. As an investment counsellor with a portfolio manager licence, Delisle can operate like a registered investment adviser firm (RIA) -- a type of U.S wealth manager that has seen an explosion in growth as it guarantees to put clients' interests first. The Globe notes that there is a growing interest in bringing the RIA model north of the border.