Enhancing the professionalism of financial advisors in the best interests of the consumer

Advisor Voice - 2015

Exclusive to Advocis members, Advisor Voice is the financial advisor’s own newsletter. It keeps you informed on important topics.

Fall 2015 Edition Highlights

Advisor Voice — Special Edition
Ontario's Expert Panel Takes Our Industry Further Down the Road to Professionalism. [Read More]

Summer 2015 Edition Highlights

Ontario convenes Expert Panel to review regulatory agencies. Advocis strongly urges preserving FSCO's principles–based approach. [Read More]

ETF access coming to mutual fund advisors.
[Read More]

B.C. to review financial institutions and credit unions legislation.
[Read More]

Ontario launches Expert Committee to review regulation of financial advisors
[Read More]

Winter 2015 Edition Highlights

Advocis argues that an Ontario PRPP is a better option than the proposed ORPP, which will jeopardize existing workplace pension plans

The Ontario government states that Ontarians who have a "comparable" pension plan will not be required to enroll in the ORPP. So what constitutes a "comparable plan"? [Read More]

Advisor Incorporation on the Way in Alberta

Bill 5, An Act to Amend the Securities Act, 2014, passed Third Reading on December 1. On December 17, it received Royal Assent and came into force, with certain key exceptions. Once in effect, advisors dealing in mutual funds, exempt market products, and other securities will be able to flow their commissions through to their own professional corporation. [Read More]

Saskatchewan Proposes Separate MGA License in Insurance Act Amendments

In December 2014, the Saskatchewan government introduced Bill 177, which is designed to modernize Saskatchewan’s Insurance Act. However, there is one major aspect of the Bill that concerns us: the Bill creates a new, separate licensing category specifically for managing general agencies (“MGAs”). [Read More]

Advocis responds to Ontario’s 2015 Pre-Budget Consultation

Professional financial advice is valuable to Ontarians and the Ontario economy because advisors help consumers plan for future financial needs. Advised households can save up to 4.2 times more than non-advised households. [Read More]

Advisor Voice - 2014

Fall 2014 Edition Highlights

Symposium 2014 – The New Professional: Inspiring discussion, producing change

The sixth annual Advocis Regulatory Affairs Symposium – The New Professional was the association's most successful symposium to date. On Wednesday, November 5, 2014, industry professionals and experts gathered to discuss the future of financial advice in Canada. [More]

Advocis Participates in IIROC's Proficiency Assurance Consultation

On November 17, 2014, in its submission to IIROC, Advocis argues that the monopoly granted to CSI needlessly stifles competition, restricting choice and inflating prices to the detriment of students, so the existing model should be abolished. [More]

Advocis Comments on Proposed Cooperative Capital Markets Regulator

On December 8, 2014, Advocis submitted comments to proponents of the Cooperative Capital Markets Regulatory System (CCMRS) on the draft legislation. Advocis has long supported a national or common securities regulator, and we voiced our continued general support for the initiative and also provided recommendations to improve the draft legislation. [More]

Advocis active during Financial Literacy Month

In November, Advocis took the opportunity to further its call for consumer protection and promote the value of advice. Throughout the month, Advocis met with government, stakeholders and the media to put forward messages championing increased financial knowledge. [More]

Summer 2014 Edition Highlights

Advisor Incorporation Gaining Momentum

The ability of advisors to incorporate took a major step forward in early August, when the Provincial-Territorial Council of Ministers of Securities Regulation released its annual progress report. [More]

2014 Regulatory Affairs Symposium: The New Professional

Advocis' 6th Annual Regulatory Affairs Symposium will be held on November 5, 2014 at the Fairmont Royal York Hotel in Toronto. This year's focus: The New Professional. [More]

OSC Statement of Priorities

Advocis responded to the Ontario Securities Commission (OSC) draft Statement of Priorities for 2014-2015.[More]

FATCA and Your Clients

The Foreign Account Tax Compliance Act (FATCA), is U.S. legislation designed to prevent evasion of U.S. tax law through the use of financial accounts in countries outside the U.S. Find out if it applies to your clients. [More]

The PwC Report Sound Advice: Insights into Canada's Financial Advice Industry

July 8, 2014 saw the release of this comprehensive report, commissioned by Advocis from PricewaterhouseCoopers LLP. The report is the first of its kind in Canada.[More]

National Securities Regulator—recent developments

The proposed Cooperative Capital Markets Regulatory System reached another milestone on September 8, 2014, with the governments of Canada, Ontario, British Columbia, Saskatchewan, and New Brunswick reaching a memorandum of agreement. [More]

Download the Summer 2014 Advisor Voice

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