Yesterday, May 1, 2024, CIRO issued a press release warning Canadian investors not to be fooled by fraudsters currently impersonating the regulatory organization to launch investment recovery scams.

We would like to thank everyone who attended our live webinar dedicated to our new and improved process for adding and cancelling banking information, which was held on Wednesday, April 24.

Following the announcement of our new partnership with the financial planning firm Conquest Planning last March, we are pleased to provide you with a new FAQ document, which highlights all the information you will need about Conquest:

• Overview of the firm and description of the service offering for advisors
• Detailed plan features (standard and advanced)
• Pricing information and packages available
• How to sign up, including the request form*
• Advisor support contact information

As announced in the last federal budget on April 11, the Home Buyers’ Plan (HBP) withdrawal limit was raised from $35,000 to $60,000. As such, Investia has just received confirmation that we can now proceed with this change for our clients.

With the increased threat of potential cyber incidents, it is important for Investia and its Representatives to have cyber insurance coverage in place. For all Investia-licensed individuals (Representatives, Branch Managers, Assistants, Associate Advisors), cyber insurance coverage is now a mandatory requirement as part of your registration with Investia.   

It’s finally here! As discussed in last week’s Water Cooler session and yesterday’s webinar, effective Monday, April 29, 2024, all client banking information addition or deactivation will have to be made via the Advisor Centre, as follows: 

• Log in to the Investia Advisor Centre;
• Search for the client in the window below;
• Use the new “Manage Banking Information icon”:

Following the April 18, 2024 communication, the Client Fee Dashboard on the Advisor Centre has been updated in preparation for the collection of 2024 Client Fees. The Client Fee Dashboard will be accessible to Representatives in the next couple of weeks, i.e., early May.

On January 25, 2024, CIRO published its Position Paper: “Policy options for leveling the advisor compensation playing field”. This document aims, at a glance, to bring the industry (mutual fund and investment dealers) at the same playing field level in terms of available options for payment of commissions, and consequently address existing gaps and adverse consequences that have been known for a long time in the industry. 

As any intermediary, B2B Bank (“B2B”) has its own procedure when applying a power of attorney (“POA”) to client’s account. 

When a Representative wants to open an investment account with an intermediary, the Representative is obligated  to comply with the intermediary’s polices and procedures, even if they may differ or be stricter than the ones included in the Investia Compliance Policies and Procedures Manual.