TORONTO, June 29, 2015 /CNW/ - The MFDA is pleased to announce the publication of its (2015-2017) Strategic Plan.
In developing the new Strategic Plan, the MFDA engaged in an extensive consultation process to obtain input from a range of stakeholders including all levels of MFDA staff, the Board of Directors, representatives of the Canadian Securities Administrators, industry and investor associations. With respect to MFDA Member input, the MFDA held numerous consultation sessions with 77% of MFDA Members participating.
"I would like to thank all our stakeholders for their valuable input and contributions to our new Strategic Plan," said Mark Gordon, President and Chief Executive Officer. "Given that MFDA Members and their advisors provide the most accessible advice-driven distribution model to Canadian investors, this Strategic Plan is focused on promoting investor confidence, enhancing engagement with stakeholders and regulating in a responsible and effective manner. This Strategic Plan recognizes that we operate in a dynamic environment and the opportunities and challenges that Members, advisors and investors will face in the years ahead."
MFDA Members are responsible for managing a significant portion of the Canadian wealth management landscape overseeing more than half of the over $1 trillion mutual fund assets in Canada. MFDA Members primarily service mass market retail investors who represent approximately 80% of Canadian households.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 103 Members and their over 80,000 Approved Persons with a mandate to protect investors and the public interest.
SOURCE Mutual Fund Dealers Association of Canada
For further information: Ken Woodard, Director, Communications and Membership Services, Phone: 416-943-4602, E-mail: [email protected]