IIAC Securities Industry & Capital Markets Chartbook 2009-2018
The Investment Industry Association of Canada (IIAC) is pleased to provide this Chartbook illustrating the major trends shaping Canada’s securities industry and capital markets over the past decade.
Through the financial crisis industry performance suffered as investment dealers succumbed to market headwinds and unfavourable business conditions. The result was a significant restructuring of Canada’s securities industry marked by dealer consolidation, reduced employment and changes to dealer business models.
However, the industry has proven resilient, not only regaining lost ground but achieving new heights on many notable fronts.
The IIAC Chartbook illustrations reveal that the industry has played a pivotal role in expanding Canadian financial markets over the past decade and supporting the growing capital needs of the country’s governments and businesses – essential building blocks for a prosperous economy. With more than $2.5 trillion in client assets under management the industry has become a key channel for accumulating and growing investor savings.
Changing demographics, new regulations, market and macroeconomic uncertainty and the growth of digital-advice and Financial Technology (Fintech) will be just some of the forces to shape the Canadian securities industry in the years ahead. The IIAC will monitor closely how the industry confronts these challenges and we look forward to sharing our observations in a future edition of this Chartbook.
IIAC Congratulates the 2019 Investment Industry Hall of Fame Inductees, as well as the IIAC Top Under 40 Award Winner Devan Legare
The Investment Industry Association of Canada (IIAC) is proud to announce that last night at a gala dinner, five leaders of business were inducted into the Investment Industry Hall of Fame.
“Last night, we paid tribute to five executives who have distinguished themselves through talent, leadership and integrity in Canada’s investment industry,” said Ian Russell, IIAC President and CEO. “Each one is a trailblazer whose contributions to the industry, the country and communities have set them apart. It is a distinct honour to induct each of them into the Investment Industry Hall of Fame.”
The IIAC Top Under 40 Award recognizes and celebrates the new generation of highly motivated and talented young professionals whose drive, dedication, personal and professional qualities and accomplishments have brought distinction to the investment industry. There were many outstanding candidates this year, making for an extremely competitive process.
This year, the IIAC Top Under 40 Award is being combined with our Investment Industry Hall of Fame Gala on October 24th in Toronto, to create a fantastic celebratory event for the industry. The three finalists will be recognized at the Hall of Fame Gala and the winner will be announced and invited on stage.
SOLD OUT! IIAC FinTech Summit, October 9, 2019 | Montreal
We look forward to welcoming all presenters, panelists and attendees to the 2019 IIAC FinTech Summit in Montreal. Special thanks to our sponsors Montréal FinTech Station, Desjardins, National Bank Financial – Wealth Management, Fidelity Clearing Canada, IIROC, Croesus, National Bank Independent Network, Hudson Technology and CFA Montreal.
Click here to view the event brochure. Click here to view the agenda.
Congratulations to the 2019 IIAC Top Under 40 Award Nominees
The IIAC Top Under 40 Award recognizes and celebrates the new generation of highly motivated and talented young professionals whose drive, dedication, personal and professional qualities and accomplishments have brought distinction to the investment/financial industry.
This year’s award recipient will be announced and celebrated at the Investment Industry Hall of Fame Gala Dinner and Induction Ceremony to be held on October 24, 2019. More details available here.
IIAC CEO meets with Mr. Qiu Xiaohua and colleagues
On Tuesday July 23, IIAC President and CEO Ian Russell met with Mr. Qiu Xiaohua, Strategy Officer of Sunshine Insurance Group and several of his colleagues, for a general discussion on the role of the IIAC and the Canadian investment industry in domestic capital markets. There was a vigorous but cordial discussion of the impact of the trade war between Beijing and Washington, and tense relationship with Canada, and the broad implications for Canadian capital markets and prospects for the Canadian economy.
The Investment Industry Association of Canada has developed an infographic that describes the salient features of Canada’s capital markets and securities industry. It is designed to convey the important contribution the investment industry makes to capital markets, the economy and communities across the country.
Member firms may find the infographic useful and compelling in summarizing the characteristics of our industry to clients and others, in creating content for press releases or marketing opportunities, and in distributing visual content on social media — a picture is worth a thousand words.
Suggested Practices for Engaging With Older and Vulnerable Clients
The Canadian Securities Administrators (CSA) published a Staff Notice offering suggested practices on matters that registrants may consider when working with older or vulnerable clients, including:
-Red flags of diminished mental capacity
-Red flags of financial exploitation
-Know your client and suitability obligations
-Powers of attorney and limited trading authorizations
-Training employees on identifying potential financial exploitation and diminished mental capacity
-Identifying trusted contact persons
-Establishing written policies and procedures for reporting and escalating issues
-Communicating with older or vulnerable clients
The CSA recognizes that older clients are not a homogenous group and that not all older clients are vulnerable or unable to protect their own interests. Vulnerability can affect a client of any age, take many forms, and can be temporary, sporadic or permanent in nature. The CSA encourages registrants to be mindful of, and adapt their practices to reflect, the diverse circumstances and needs of their clients.
The IIAC released similar guidance in 2014, Canada’s Investment Industry: Protecting Senior Investors – Compliance, Supervisory and Other Practices When Serving Senior Investors. You can access it here.