Licensing → 90 Day Advisor Training

90-Day MFDA Advisor Training (LCI0L004)


Description
Welcome to your first 90 days with your new MFDA Dealer firm. Get up to speed with industry rules, regulations and best practices while you satisfy your mandatory 90-day training requirement.

With a new course section released every week, this course is designed to be completed over a full 90-day period, allowing you to balance the learning with the onboarding experience with your new firm.
Content
  • Introduction to the MFDA 90-Day Training Program
  • Week 1: Canada's Financial Services Industry
  • What is Investment Capital?
  • Sources and Users of Capital
  • Financial Instruments
  • Debt Instruments
  • Equity Instruments
  • Investment Funds
  • Derivatives
  • Financial Intermediaries
  • Deposit Taking Institutions
  • Non-Deposit Taking Institutions
  • Financial Markets
  • Auction and Dealer Markets
  • Clearing Agencies
  • Financial Regulators
  • Self-Regulatory Organizations (SROs)
  • Provincial Securities Regulators
  • Federal Financial Agencies
  • Complaints and Industry Ombudsmen
  • Deposit Insurance and Investor Protection
  • National Registration Database (NRD)
  • Week 2: Client Communication 7d
  • The Financial Planning Approach
  • 1. Establish the Client-Advisor Relationship
  • 2. Collecting Data and Information
  • Net Worth and Cash Flow Statements
  • 3. Analyze Data and Information
  • Investment Objectives
  • Suitability and Risk Tolerance
  • 4. Recommend Strategies to Meet Client Goals
  • 5. Implement Recommendations
  • 6. Monitoring and Adjusting the Plan
  • The Life-Cycle Hypothesis
  • Life-Cycle Stages
  • Life-Cycle Hypothesis Summary
  • Week 3: Fundamentals of Economics 14d
  • Introduction
  • What is Economics?
  • Micro and Macro Economics
  • Economic Influencers and Marketplaces
  • Supply and Demand
  • Remembering the Supply Demand Curve
  • Gross Domestic Product (GDP)
  • Real and Nominal GDP
  • GDP Growth Drivers
  • Phases of the Business Cycle
  • Economic Indicators
  • Measuring a Recession
  • Key Labour Market Indicators
  • Types of Unemployment
  • The Role of Interest Rates
  • Nominal and Real Interest Rates
  • The Nature of Money and Inflation
  • Consumer Price Index (CPI)
  • Understanding Inflation
  • The Impact of Inflation
  • Understanding Output Gap
  • Demand-pull and Cost-push Inflation
  • Deflation and Disinflation
  • Monetary Policy
  • Fiscal Policy
  • Current and Capital Accounts
  • Week 4: Equity Investments 21d
  • Introduction
  • Understanding Common Shares
  • Common Share Features
  • Understanding Preferred Shares
  • Preferred Share Value Formula
  • Preferred Share Features
  • Underwriting
  • Disclosure Documents
  • Trading Equities
  • Cash and Margin Accounts
  • Long and Short Positions
  • Week 5: Fixed Income Investments 28d
  • Course Introduction
  • Understanding Fixed Income
  • Components of Debt Securities
  • Government Debt
  • Treasury Bills (T-Bills)
  • Canada Savings and Premium Bonds
  • Corporate Bonds
  • Other Bond Features
  • Guaranteed Investment Certificates (GICs)
  • Banker's Acceptance (BA)
  • Commercial Paper
  • Bond Pricing
  • Bond Prices and Interest Rates
  • Bond volatility, Maturity and Coupon Rates
  • Bond Coupon Rate Vs. Bond Yield
  • Yield Curve
  • Current Yield of a Bond
  • Semi-Annual Coupons
  • Yield to Maturity
  • Week 6: Investment Portfolios 35d
  • Investment Portfolios Introduction
  • Understanding Risk
  • Taxes on Returns
  • Inflation and Purchasing Power
  • Approximate Real Rate of Return
  • Rate of Return of a Single Security
  • Annualized and Holding Period Return
  • Arithmetic and Geometric Mean Return
  • Portfolio Rate of Return
  • Variance
  • Standard Deviation
  • Beta
  • Duration
  • Diversifying Risk
  • Correlation
  • Passive and Active Portfolio Management
  • Asset Allocation
  • Fundamental and Technical Analysis
  • Week 7: Financial Statements 42d
  • Financial Statements Introduction
  • Statement of Financial Position
  • Assets
  • Inventory
  • Amortization, Depletion and Depreciation
  • Liabilities
  • Equity
  • Statement of Comprehensive Income
  • Statement of Changes in Equity
  • Statement of Cash Flows
  • The Auditor's Report
  • Cannabis Country Financial Statements
  • Week 8: Mutual Fund Rules and Regulations 49d
  • Introduction to Mutual Fund Rules and Regulations
  • Mutual Fund Regulations
  • Acts, Instruments, Policies and Rules
  • Becoming a Registered Mutual Fund Representative
  • Permitted and Prohibited Activities BEFORE Registration
  • Working in a System of Compliance
  • Transferring or Terminating Registration
  • Client Mobility Exemption
  • Know Your Client (KYC)
  • Suitability
  • Relationship Disclosure
  • Opening a New Client Account
  • Client and Nominee Accounts
  • Transferring Client Accounts
  • Referral Arrangements
  • Prohibited Sales Practices
  • Sales Communications
  • Handling Complaints
  • The Client Relationship Model 2 (CRM 2)
  • Privacy Legislation: PIPEDA
  • Money Laundering
  • Week 9: Financial Planning 56d
  • Financial Planning Introduction
  • Financial Planning
  • Industry Trends
  • Compensation Methods
  • Ethics and Duty of Care
  • The PFP Code of Ethics
  • The CFP Code of Ethics
  • Determining Client Goals
  • Six Considerations for Goal Planning
  • Determining a Client's Risk Profile
  • The Life Cycle Approach
  • Six Stages of Financial Planning
  • Step 1: Establish the Client - Advisor Relationship
  • Step 2: Gather Client Information
  • Step 3: Analyze the Client's Information
  • Step 4: Develop and Present the Plan
  • Step 5: Implement the Plan
  • Step 6: Review and Monitor the Plan
  • Week 10: Anti-Money Laundering 63d
  • AML Introduction
  • What is Money Laundering?
  • Money Laundering Strategies
  • The Impact of Money Laundering
  • Canada's AML Regime
  • Week 11: Privacy Legislation 70d
  • Privacy Legislation Introduction
  • Understanding Personal Information and Privacy Legislation
  • Understanding PIPEDA
  • PIPEDA's 10 Fair Information Principles
  • Express and Implied Consent
  • Exceptions to the Consent Principle
  • Complaints to the OPC
  • Week 12: Ethics and Standards of Conduct 77d
  • Ethics and Standards of Conduct Introduction
  • Understanding Ethics
  • Standards of Conduct: Overview
  • Standards of Conduct
  • Standard A
  • Standard B
  • Standard C
  • Standard D
  • Standard E
  • Best Practices
  • Week 13: Client Focused Reforms-Related MFDA Rules 84d
  • Misleading communications
  • Identifying, addressing and disclosing material conflicts
  • Borrowing from clients
  • Know Your Client (KYC)
  • New accounts
  • Know Your Product (KYP)
  • Suitability Determination
  • Relationship Disclosure
  • Conflicts of Interest
  • Addressing material conflicts in the best interest of the client
  • Conflict of interest controls
  • Conflicts arising from proprietary products
  • Conflicts arising from third-party compensation
  • Internal compensation and incentive practices
  • Conflicts of interest at the supervisory level
  • Conflicts in fee-based accounts
  • Addressing conflicts between clients
  • Full control or authority over the financial affairs of a client
  • Individuals who serve on a board of directors
  • Individuals who have outside business activities
  • Registered individual's responsibility to report and address material conflicts
  • Disclosing conflicts of interest
  • Examples of conflicts of interest disclosure
  • Week 14: Congratulations! 90d
  • Day 90!
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever