CENTURY INITIATIVE
To participate, CI members commit to an additional five-year membership, over and above their Advocis membership fees. Fees from this premium membership are used to ensure the Association is well-capitalized now and in the future. The fund is governed by a board of stewards.
2 02 1 ADVO CI S ANNUAL RE PO RT
Introduced in 2006, the Century Initiative (CI) program ensures Advocis has a strong financial foundation and adequate resources to effectively represent the interests of financial advisors and planners in the face of real threats to the industry.
The CI Board of Stewards is very happy with the investment results achieved by our investment advisor, Connor Clark & Lunn. Balance as of December 31st, 202 1 was $6 million. Their performance has been at established benchmarks with a 3 year compound return of 14%.
The CI Fund has committed $1.5 million to critical Advocis initiatives over the past 5+ years, including support of future efforts that will ensure our regulatory regime serves the best interest of Canadians and our members and the outcomes were extremely positive. The TFAAC Board and leadership team at Advocis value the significant support provided by the CI Fund.
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