Registrant series: Portfolio managers (Session A: In-Person)

Description:

This seminar will focus on several key topics for portfolio managers (PMs) that were highlighted in our 2017 Annual Summary Report for Dealers, Advisers and IFMs (OSC Staff Notice 33-748). The topics that will be discussed are as follows:

• Providing advisory services to “senior” clients,
• Preliminary findings from our sweep review of PMs with a large percentage of “senior clients” and discussion of some best practices for dealing with “senior” clients,
• Findings from compliance reviews of online advisers, and discussion of regulatory obligations and best practices for PMs with this business model, and
• Findings from our reviews of “one-person” PM firms, along with guidance on compliance and regulatory obligations as highlighted in CSA Staff Notice 31-350.

It will also include an overview of the OSC Investor Office’s work on issues related to senior investors.

Who should attend:

Advising representatives, ultimate designated persons, chief compliance officers, and legal counsel of portfolio managers.

Benefits:

• Learn about challenges of servicing an increasingly ageing investor demographic
• Gain insight into what to include in policies and procedures for dealing with “senior” clients
• Learn what is expected of PMs who operate as online advisers
• Enhance understanding of compliance obligations for “one-person” PM firms, including best practices for developing a business succession plan.

Documents:

• Webinar: Portfolio managers
• Slides: Portfolio managers