TORONTO, Sept. 15, 2016 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") has published a new brochure entitled Selecting an Advisor which explains important aspects of the advisory process that clients should understand before they select an advisor and invest. Topics covered in the brochure include advisor service levels, compensation structures, and the responsibilities of advisors and clients. The brochure can be accessed on the MFDA website.
"Understanding the different features of the advisory process can be difficult for investors, especially for those who have not yet begun working with an advisor. The Selecting an Advisor brochure was created to help investors find an advisor that is right for them. It provides key information to assist investors in getting the most out of their relationship with an advisor," said MFDA President and CEO Mark Gordon. "The creation of this brochure is part of the MFDA's commitment to improve the investor experience by providing resources to Canadian investors that can support them in making informed decisions."
The MFDA encourages investors to visit the Investor Education section of the MFDA website for additional investor education materials, such as:
- MFDA Investor Bulletins
- The Protect Yourself From Fraud brochure
- The Opening Your Investment Account brochure
- The Benefits of Working with an MFDA Member Information Sheet
- The MFDA Fraud Awareness Toolkit
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.
SOURCE Mutual Fund Dealers Association of Canada
For further information: Ian Strulovitch, Director, Public Affairs, (416) 943-7425 or [email protected]