The Evolving New Paradigm for Financial Advice (IIAC Blog)
In early April, I attended the SIFMA Private Client Conference in Phoenix. The conference examined the new paradigm of financial advice in a rapidly changing environment. Participants discussed changes in client priorities and expectations, including the increased emphasis on value and convenience in addition to investment performance, as well as how advisors and firms are adapting to meet investors’ needs in the advent of the financial technology revolution.
Since many of the trends shaping the U.S. financial advisory business are also sweeping the Canadian marketplace, the insights and best practices shared at the conference are of interest to IIAC member firms.
Read my observations and takeaways from the SIFMA Private Client Conference in my April Letter from the President.
Call for Nominations: IIAC Top Under 40 Award
Do you know an outstanding individual under the age of 40 whose qualities and accomplishments have brought distinction to Canada’s investment industry? Submit your IIAC Top Under 40 Award nomination by June 30, 2017. Learn about the Award criteria and nomination process here.
IIAC Responds to 2017 Federal Budget (IIAC Blog)
IIAC President and CEO tells BNN’s Greg Bonnell the 2017 federal budget suggests a year from now we’ll be in the exact same place. All we have left is the same programs with a few changes and it’s not enough to give our economy a boost.
You can read the IIAC’s reaction to today’s federal budget here.
Letter from the President (IIAC Blog)
In February, I had discussions with global regulators at the Bank for International Settlements (BIS), the Financial Stability Board (FSB) and the Fixed Income, Currencies and Commodities Markets Standards Board (FMSB).
While there is pressure to adjust existing regulatory reforms, regulators will strongly resist these overtures to avoid undermining the much improved stability of the global financial system.
You can read more in the my most recent Letter from the President. Click here.
Letter from the President: Wisdom from the Asian Financial Forum and the lessons for Canadian policymakers (IIAC Blog)
In my latest Letter from the President, I look at the rise of populism in the developed world. The emergence of the so-called “new normal”, marked by weak GDP growth and stagnant incomes, has unfolded as a troubling, persistently enduring economic condition, rather than a cyclical phenomenon. I argue that governments must find consensus for pro-growth policies to break the economic malaise, embracing low tax rates, broad tax reform, stimulative spending, and deregulation, and avoid the impulse for excessive social spending and protectionism. Failure risks political pressure for even more radical policy solutions.
The IIAC has described the details of a pro-growth agenda to boost investment, jobs and opportunity. Click here to read my latest Letter from the President.
IIAC seeks nominations for the 2017 class of IIAC Investment Industry Hall of Fame Inductees (IIAC Blog)
The deadline to submit nominations is Friday, May 5, 2017 (5:00 p.m. ET).
The IIAC Investment Industry Hall of Fame honours excellence, integrity and leadership in Canada’s investment industry. We are reaching out to executives in the financial sector to put forth names of outstanding individuals who have demonstrated vision and leadership in building successful careers, contributed to the vitality of Canada’s investment industry and capital markets, and given back to their communities.
A maximum of four living and four posthumous candidates are inducted into the Hall of Fame annually. The Inductees are chosen by members of the IIAC Hall of Fame Selection Committee—an independent Committee—comprised of distinguished Canadians who work, or have worked, in the investment industry, business, politics, law or academia.
The 2017 Inductees will be recognized and celebrated at a Gala Dinner on Thursday, October 26, 2017 in Toronto.
Additional information on the eligibility and selection criteria, as well as the nomination process, is available here.
Advocacy Wins on Behalf of our Members (IIAC Blog)
The Investment Industry Association of Canada (IIAC) is committed to constructive engagement with securities regulators and governments to fight for cost-effective rules, fight against rules that interfere with business activity and market efficiency, and to promote incentives for capital formation and growth. Our efforts are paying off. Here are some of our 2016 victories on your behalf.