Showing 21 results for "IFIC Exam"

Canada’s Financial System

The Bank of Canada defines Canada’s financial system as “the channel through which savings become investments, and through which money and financial claims are transferred and settled”. As a dealing representative,…

Financial Markets

A market is a place where buyers and sellers meet. It can be a physical building or an electronic network. It can be local, national, or international. Markets are often categorized…

Economic Factors and Financial Markets

As a dealing representative, your clients will expect you to have an understanding of the Canadian financial markets, and the economic factors that affect markets, including business cycles, government policies,…

Assessing Suitability

Once you have an understanding of your client and the products, you need to assess the suitability of products for your client. Assessing suitability is step 3 in the suitability…

Know Your Product

As a dealing representative, it is your responsibility to understand each product well enough to explain to your client the product’s risks, key features, and initial and ongoing costs and…

Risk Tolerance

Risk tolerance is the amount of loss that an investor can tolerate or absorb in the event that his or her investments depreciate in value. Risk tolerance changes with age,…

Know Your Client (KYC)

As a dealing representative, you are responsible for gathering enough information about your clients to ensure that any investments you recommend suit their needs. What is KYC? Before you make…

Suitability Requirement

As a dealing representative, you have a legal requirement to recommend products that are suitable for your client’s needs and objectives. As a dealing representative, you have a regulatory obligation…

Strategic Investment Planning

As a mutual fund dealing representative, you have a responsibility to make suitable investment recommendations to your clients. The Strategic Investment Planning (SIP) process helps you to follow a clear…

Registration Requirements

Before you begin selling securities to the public you must be registered with the appropriate provincial securities regulatory authority. MFDA rules and by-laws, and provincial and territorial securities legislation require…

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