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CHAPTER NEWS 2022 Chapter Leadership Conference – Strategies for Success

Hosted by Advocis Newfoundland & Labrador, the 2022 Advocis Chapter Leadership Conference was a tremendous success, welcoming delegates from Advocis chapters across Canada to once again connect and collaborate in a live setting. Presentations, panels, and excellent dining and entertainment on “The Rock” made for an unforgettable experience under a theme of Between a Rock and a Soft Place — Building Community with Fearlessness and Adaptability.

Chapter Awards of Excellence

As part of the 2022 Chapter Leadership Conference, Advocis was pleased to recognize volunteers from coast-to-coast as 2021 Volunteers of the Year for outstanding contributions in service to our membership, communities, and professionalism.

BRITISH COLUMBIA

(co-winners for membership/community leadership)

Nahanni Ackroyd, CFP

“I am honoured to accept this award alongside Philip for our work in membership and community engagement in British Columbia. Volunteering is a tremendous amount of work, and I would like to dedicate this recognition to all who volunteer on behalf of Advocis in our province as well as the many members of Advocis Vancouver Island who participated in our financial literacy campaign in November 2021. ”

ALBERTA Amanda McCloy, CFP, CLU, TEP

“Volunteering with Advocis has allowed me to get more involved in the financial planning community and promote education, which I strongly believe in. It has also given me the opportunity to work with and give back to the local community and charities, including the Christmas Bureau of Edmonton. ”

ONTARIO NORTH-EAST Janice McFarlane, CFP, CLU, CHS

“There are many others in the region very deserving of it too, so it’ s a very nice recognition indeed! Ottawa has a core group of folks who are dedicated to the Chapter ’ s success. In my mind, they are all volunteer of the year. ”

ONTARIO SOUTH-WEST David Reeve

“I was honoured and surprised to receive this award! As a member of Advocis, I believe we have a responsibility to focus on creating new kinds of value for our chapters, and it was a pleasure to work with other volunteers on the Southwest Ontario Passport Program for the benefit of our entire region. It takes a village!”

ONTARIO CENTRAL

(co-winners for Love Local)

Elaine Erhart, CFP, CLU

“I volunteer as a chance to give back to the industry and make a small difference in the lives of others. I do not think that what I am doing is anything out of the ordinary, and I believe that what you give into the world comes back to your own in many ways tenfold. ”

Taivi Tayler, RRC, CLU

“The best part of being a board member is that I have had the opportunity to meet industry people, including many great mentors. An immense amount of work and coordination goes on behind the scenes in creating dynamic educational events for our colleagues, and as membership director I’ ve especially appreciated the chance to reach out to our long-standing members to acknowledge them on social media for their career successes. ”

ATLANTIC

(co-winners for financial literacy)

Jennifer Murphy, CFP, CLU

“There are lots of deserving volunteers in the Atlantic region, so I was flattered when my and Melissa ’ s names were called. Financial literacy is something we ’ re both very passionate about, and we look forward to financial literacy month every year. It is just as rewarding for us as it is for the students we present to. ”

Melissa Hill, CIP

“I felt honoured when I learned I had received this award. I volunteer because I am passionate about supporting financial advisors and about financial literacy. I feel that Advocis brings so much value to advisors and the public through education and advocacy. Volunteering also helps me to better understand the industry and to remain connected. I am very proud to hold a position where I can contribute to a positive difference in our communities. ”

PRAIRIES Cynthia Duncan

(Provided by Melissa McRae Harrell, president, Advocis Winnipeg) “Cynthia exemplified what it meant to promote and value education within our industry. Her contributions to financial literacy built a foundation that will continue in her honour, and she will always be remembered within our chapter as a leader and mentor for new advisors. ”

Greater Vancouver Building Blocks for Success

An engaged and lively audience at Building Blocks for Success

Greater Vancouver welcomed more than 185 attendees for the return of this in-person signature program for those in the financial planning, insurance, and investments industry. The event was designed for participants of all levels to learn directly from their peers on how they can achieve success at any level in their careers, and featured curated TED Talks–style presentations. As a reflection of the chapter ’ s commitment to diversity, inclusion, belonging, and equity, they invited attendees to “ connect with familiar faces and make new acquaintances in a safe, positive, inclusive environment. ”

LEGAL AND REGULATORY AFFAIRS UPDATE The New Self-Regulatory Organization ’ s Interim Rules

On May 12, Canada ’ s securities regulators published the New SelfRegulatory Organization ’ s (SRO’ s) interim rules, which will take effect upon commencement of the New SRO’ s operations at the end of this year. The interim rules allow mutual fund dealers to introduce business to investment dealers. In addition, a new category of registered representatives who deal strictly in mutual funds at firms registered as both an investment dealer and mutual fund dealer (dual-registered firms) will be permitted to conduct business within the revised IIROC rules on a permanent basis.

Pursuant to the interim rules, this new category of registrants is mandated to complete the Conduct and Practices Handbook (CPH) course within 270 days of their firm becoming dually registered. We raised concerns with respect to this new proficiency requirement. We believe that the CPH course is not an appropriate requirement for this category of registrants. The majority of the topics covered in this course are either irrelevant for representatives dealing strictly in mutual funds or are duplicating what these representatives have already studied by completing other mandatory courses.

We also thanked the regulators for continuing to allow directed commissions to unregistered corporations for mutual fund representatives at mutual fund–only dealers, as well as for those registered representatives dealing strictly in mutual funds at dual-registered firms. However, we strongly urged regulators to expand the practice of directed commissions to representatives on the investment dealer platform and endorse a true incorporation model for advisors, regardless of platform. Lastly, we invited the New SRO to mandate accreditation for continuing education programs through third-party services. We believe that accreditation enhances standards of professionalism and consumer protection.

Northern Ontario Education Summit

Advocis Members at the Northern Ontario Education Summit

The chapters of Northern Ontario collaborated for the return of their popular biannual full-day summit hosted in Sudbury. The agenda included guest speakers Jane Blaufus, Angelo Parziale (Sun Life), and Philip Petursson (IG Wealth). National speakers James Ryu, vice-president of advocacy and general counsel, and Nick Colosimo, director of government relations, also shared timely updates on title protection and what that means for advisors and planners, and they engaged in a Q&A with the audience.