Effective today, May 30, 2016, Point of Sale 3 regulation comes into effect. This means that advisors and dealers that are selling a mutual fund must provide Fund Facts disclosure prior to booking a mutual fund trade. This regulation, first announced in 2009 has had several phases including the introduction of the Fund Fact in […]
Read More
Article Link: http://www.nationalpost.com/prnewswire/index.html?rkey=20160526C1153&filter=3072 InvestorCOM Inc. announced today that it has in the last four weeks rolled out its InvestorPOS™ Point of Sale Stage 3 (POS 3) offering for ten mutual fund dealer clients including banks, large and small members of the Investment Industry Regulatory Organization of Canada (IIROC), and Mutual Fund Dealers Association (MFDA). These […]
Read More
This article first appeared at http://findependencehub.com/get-ready-pos3-crm2-deadlines/ on May 5, 2016 On May 30, dealers and advisors will have to send investors Fund Facts disclosure documents before the investor decides to buy a fund. Until May 30, dealers and advisors still will be able to abide by the previous industry regulation (i.e. POS Stage 2), which […]
Read More
We are less than 3 weeks away from the May 30th deadline, where dealers must have a process to deliver Fund Facts prior to accepting trade instructions from investors and the MFDA has indicated that extension of mutual fund regulation principles to insurance (Segregated funds) is in its preliminary stage. This article should definitely have the […]
Read More
Forrester’s article emphasizes the importance of human insight and thinking in a post-digital world. As our organizations digest and rely on more data from an increasing number of channels, many fear the reduced role of human-led decision making. Will our organizations be reduced to data-led decision making with dashboards running everything from operations to finance […]
Read More
A recent paper published by the National Consumer Law Centre titled Paper Statements: An Important Consumer Protection provides some important guidelines to financial institutions that are implementing e-migration strategies. The publication, referencing US legal and compliance guidelines, urges the careful consideration of many consumer choice considerations and ultimately lands on a theme that we strongly support […]
Read More
A recently released Salesforce Global report that surveyed nearly 8000 adults in Canada, Australia, France, Japan, UK and the US, provides some interesting survey results to anyone in the financial services industry in Canada. A key finding that jumped off the page for me was the following: 67% of investors believe that modern tools for financial planning […]
Read More
The Globe and Mail ran a story today called “A new brand of financial adviser” that featured a Canadian Fintech startup, Tridus Wealth Management, and its plans to offer a more cost-effective solution to investors through its use of technology. Tridus is foregoing office space and traditional overhead expenses, emphasizing digital communication over paper and relying […]
Read More
A February MFDA review of the industry’s readiness for POS3 and CRM2 provided mixed results – while some dealers are ahead of the curve, the review “found incidents of both outright non-compliance and examples of half-hearted compliance”. With POS3 only 90 days away and the last CRM2 reforms only 135 days away, the clock is […]
Read More
The Client Aligned Capital Partners Inc. (ACPI) is an independent securities dealer with head office in Burlington, Ontario and branch locations across Canada. Originally founded in 1987, it was built on the premise of aligning the interests of the investor, advisor and dealer. A member of the Investment Industry Regulatory Organization of Canada (IIROC), ACPI […]
Read More
