Tag Archives: Michelle Alexander

Investment Industry Calls for Regulation of All Financial Planners (IIAC blog)

Investment Industry Calls for Regulation of All Financial Planners (IIAC blog)

In a joint submission, the Investment Industry Association of Canada (IIAC) and the Investment Funds Institute of Canada (IFIC) have called on the Ontario government to pass legislation that would regulate all financial planners.

Securities and insurance advisory services and planning that are ancillary to product recommendations are already well-regulated in Ontario, but there are gaps in non-product-related financial planning that need to be addressed for the benefit of investors.

The IIAC/IFIC have called on the Ontario government to establish common standards for those individuals providing comprehensive financial plans to clients and/or using … Continue reading

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IIAC: Time to end CSI monopoly

IIAC: Time to end CSI monopoly

In a response dated November 17, 2014, the IIAC provided input on our member firms’ experiences with the current proficiency model in Canada and suggested improvements as IIROC considers the existing system and possible alternative arrangements.

It’s the IIAC’s position that competition drives innovation and efficiency, and the current proficiency assurance model, with its exclusive reliance on the Canadian Securities Institute, is not providing value relative to its costs nor is it offering the highest quality of education. 

As such, the IIAC has recommended a model that will provide greater choice and access with respect to education and … Continue reading

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Canada’s Investment Professionals: Committed to Protecting Senior Investors

Canada’s Investment Professionals: Committed to Protecting Senior Investors

Earlier this year, the IIAC published a Guidance Report entitled Canada’s Investment Industry: Protecting Senior Investors with the goal of sharing best practices investment dealer firms and advisors are using when working with senior clients.  

To mark Financial Literacy Month, we thought it would be useful to once again direct the industry and investors to this important document. 

The report underscores how seriously the industry takes its responsibility to ensure senior investors are being served in an ethical, respectful and informed manner. It also calls attention to the important role firms and advisors are playing in protecting this … Continue reading

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IIAC Member Firms: A Cut Above

IIAC Member Firms: A Cut Above

On May 8, 2014, Michelle Alexander, IIAC Vice President and Corporate Secretary, delivered a keynote address to the Halifax Chamber of Commerce.  The theme of Michelle’s speech was IIAC Member Firms: A Cut Above.

Here’s part of what Michelle had to say:

Both raising and investing capital prudently are particularly challenging in times like these given the underlying weaknesses in capital markets. 

Fortunately, in IIAC-member firms Canadian investors have advisors who are, simply put, a cut above. Surveys consistently show that Canadian investors realize this and are able to invest confidently as a result. 

Investing is important for the … Continue reading

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Michelle Alexander at the National Society of Compliance Professional’s annual Toronto Conference

Michelle Alexander at the National Society of Compliance Professional’s annual Toronto Conference

On Thursday, March 27, 2014, Michelle Alexander, IIAC Vice President and Corporate Secretary, participated in a two-person panel discussion at the National Society of Compliance Professional’s annual Toronto Regional Conference. Joining Michelle on the panel was Paul Riccardi, Senior Vice President, Enforcement, Member Policy & Registration, IIROC, while Ellen Bessner, Partner, Babin Bessner Spry LLP, served as the moderator. The panel focused on the following areas:

• Changes in the regulators’ priorities and new rules for 2014; • Regulatory enforcement changes that have been made and how to manage; and • What is coming down the pike for exam … Continue reading

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Canada’s Investment Professionals: Committed to Protecting Senior Investors

Canada’s Investment Professionals: Committed to Protecting Senior Investors

Advisors play an important role in protecting senior investors, says the Investment Industry Association of Canada (IIAC).  According to Michelle Alexander, the proof is in a Guidance Report (“report”) issued today entitled Canada’s Investment Industry: Protecting Senior Investors. The goal of the report, Alexander said, is to share best practices investment dealer firms and advisors are using when working with senior clients.

The report underscores how seriously the industry takes its responsibility to ensure senior investors are being served in an ethical, respectful and informed manner. It also calls attention to the important role firms and advisors are playing in protecting this client base.

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IIAC Member Firms and Advisors: A Cut Above

IIAC Member Firms and Advisors: A Cut Above

There is plenty of evidence that the overwhelming majority of Canadian investors have a high degree of confidence in their investment advisor. Beyond helping clients identify their long term liabilities and develop an appropriate asset allocation, IAs manage necessary portfolio adjustments based on prevailing market conditions.  They also determine the savings levels needed to achieve clients’ goals, and provide invaluable assistance on hedging their risks, as well as planning for retirement and the eventual distribution of their estate. IAs can also help clients manage their emotional response to the normal ups and downs experienced by different asset classes in their … Continue reading

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