CFA Societies Canada

🌟 Unlock Your Finance Career with CFA Program! 🌟 As a student with big dreams in the world of finance, you know that the competition is fierce. So, what can truly set you apart? The CFA® charter is the global gold standard for investment professionals. 💼 Whether you're interested in investment banking, asset management, financial analysis, or corporate finance, earning the CFA designation gives you an edge that employers both here in Canada and around the world recognize and respect. 🔑 Why it matters: ☑️ Global Recognition: The CFA charter is recognized and respected in financial centers around the world, with charterholders present in over 160 countries. ☑️ Career Growth: Opens doors to roles in investment management, equity research, private equity, and more. ☑️ Expertise: Gain a deep, comprehensive understanding of financial markets, ethics, and financial analysis tools and techniques. Ready to invest in your future? If you are within 2 years of graduating, you can sit for the Level I exam while still in university and even get started on Level II before you graduate. Let the CFA Program be your passport to a wide range of opportunities. 🌍✨ Learn more: https://ow.ly/xlQv50V4lGL #FinanceCareers #CareerGrowth CFA Institute #CFAcharter

"With investment dealers keen to take part in the federal government’s effort to facilitate banking sector innovation through “open banking,” the Canadian Investment Regulatory Organization (CIRO / OCRI) said that it’s working to help them get in on the action." via James Langton for Investment Executive https://ow.ly/NeeZ50V4u75

Wishing you compassion and devotion by day and nourishment and community by night. Happy Ramadan!

"Canada’s largest pension funds are making headway on climate change, even as an upcoming federal election and a new U.S. administration have the potential to spark a retrenchment on environmental policies. That’s according to the 2024 Canadian Pension Climate Report Card, released on Wednesday by the Canadian advocacy group Shift Action for Pension Wealth and Planet Health. “It’s a good news story — the progress of the pension sector,” said Adam Scott, Shift’s executive director. “We are seeing a growing number of funds with much more serious climate policy. They’ve been getting more sophisticated, and they’ve been putting a lot of key details in place that are needed to actually meet their targets.”" via Kevin Press for Investment Executive 🔗https://ow.ly/Ulxu50V4tXS #ESG #PensionFunds

The February edition of the Canadian Advocacy Newsletter is now available! Check it out for our latest insights and updates, such as: ✅ CAC's recently submitted comment letters ✅ Finalists for the 2025 CFA Societies Canada Ethics Challenge ✅ Upcoming CAC Comment Letters ✅ Volunteer Spotlight: Shruti Dutta, CFA ✅ CFA Institute research, events, and more! Read it here: https://ow.ly/esQ550V8EPC Get on our mailing list! Send requests to: info@cfacanada.org. #CAC #Advocacy #CIPCCanada

The Canadian Advocacy Council (CAC) recently submitted a letter to the Canadian Securities Administrators (CSA) - Autorités canadiennes en valeurs mobilières (ACVM) regarding proposed amendments to the disclosure requirements for investment funds. The CAC expressed appreciation for the regulators' efforts to balance investor protection with reducing regulatory burden, and supported the data-driven approach used in crafting the policy proposals. The letter provided specific feedback on key aspects of the proposal, highlighting areas for improvement and advocating for changes that would enhance investor transparency and protection. 🟪 Filing Frequency of Fund Reports: The CAC largely supported maintaining the current filing frequency for annual and interim Management Reports of Fund Performance (MRFPs). However, it disagreed with the exemption for scholarship plans and recommended harmonizing these rules across all comparable investment products. 🟪 Performance Disclosure Requirements: The CAC strongly supported disclosing performance of both highest and lowest management fee classes/series of a fund to help retail investors understand costs and distribution channel choices. It also suggested that performance information for fee-based accounts should include illustrative comparable fees. 🟪 Liquidity Disclosure: The CAC agreed with adding a Liquidity Profile section to the Fund Report, viewing it as a crucial investor protection measure. It recommended including a legend to the liquidity chart and additional comparative statistics to improve investor comprehension. 🟪 Scholarship Plan MER Disclosure: The CAC advocated for harmonizing disclosure requirements for scholarship plans with other investment funds, arguing that distinctions in regulatory treatment were probably outdated. 🟪 Fund Performance Assessments by IFMs: The CAC raised concerns about obvious conflicts of interest if Investment Fund Managers (IFMs) were required to self-assess their fund’s success. It suggested clarifying expectations in the Fund Report instructions and considering alternative models, such as expanding the role of fiduciary oversight bodies. 🟪 Additional Recommendations: The CAC emphasized the importance of clear and standardized disclosure formatting to enhance investor understanding and urged regulators to explore regulatory models from other jurisdictions to improve fund governance. Read the full letter below! #CAC #CACLetter

🚀 Elevate Your Finance Career with the CFA Program 🚀 The journey to a successful finance career starts with a powerful foundation. What better way to build that foundation than by earning the CFA® charter? As a student aspiring to make your mark in finance, this prestigious credential signals your commitment to excellence, integrity, and professionalism—traits that are in high demand. 💡 Why the CFA Program is the right choice: ☑️ Prestige: Stand out with a globally recognized credential. ☑️ Career Opportunities: From hedge funds to investment banks to multinational corporations, the CFA designation opens doors to diverse career paths. ☑️ Real-World Skills: The CFA Program equips you with practical, market-relevant knowledge that will set you up for long-term success. 🔗 https://ow.ly/720z50V4pWS #FinanceCareers #CareerGrowth CFA Institute #CFAcharter

📢 New Series Alert! 📢 Up next, the CIPC discusses Gross vs. Net Returns! In this 3-part series, we’ll explore: ✅ Week 1: What is the difference for portfolio returns? ✅ Week 2: What is the difference for index returns? ✅ Week 3: Use Cases - When to use gross or net returns? The first post in the series breaks down when to use gross or net returns for portfolio returns calculations. Click through the carousel below to learn more. 👇 Stay tuned for the second post next week! Are you interested in learning more about this topic? See the CFA Institute GIPS Guidance Statement on Fees! 🔗 https://lnkd.in/exJRfTsn #CIPCCanada

Our #volunteer spotlight this month features CFA Societies Canada Director, Chelsea L. Kittleson, CFA! Chelsea is the Executive Director of British Columbia's Municipal Pension Plan, where she oversees Canada’s sixth largest pension plan. With 25 years of finance, capital markets and public sector pension industry experience, Chelsea has a deep understanding of the complexities of managing a defined benefit, multi-employer pension plan. Prior to joining MPP, Chelsea was a Director, Client Relations at British Columbia Investment Management Corporation (BCI). There, she advised statutory pension clients and trust funds on investment matters, including performance, strategy and policy. Chelsea also has over 15 years of experience in capital markets, including as a Director at CIBC Capital Markets (then CIBC World Markets), and as Manager, Financing and Investor Relations at British Columbia Ferry Services Inc. Chelsea holds an MBA from the Smith School of Business at Queen's University. She has a Bachelor of Commerce and holds the Chartered Financial Analyst (CFA) designation. Chelsea is the Past President of CFA Society Victoria and a former member of the Future of Finance Content Council at CFA Institute. Volunteer Q&A ❔ 🟪 Reflecting on CFA Societies Canada’s mission, vision, and objectives, what resonates with you the most, and why? "The CFA Institute has long advocated for a better future of finance—for all. Money and capital are an enabler or a barrier, depending on how they are used. Being a part of CFA Societies Canada is a tangible way for me to support creating an investment profession that is for the ultimate benefit of Canadian society." 🟪 What’s the best career advice you have ever received? "My leadership journey has been heavily influenced by Brene Brown. She says, "You can choose courage or you can choose comfort. You cannot have both." At least not at the same time. I'm working on building my 'courage' muscle, which opens new doors and opportunities in my life." Thank you for your commitment and dedication to our work, Chelsea! #ThankYou #Volunteer

In today’s competitive investment landscape, transparency, integrity, and trust are non-negotiable. That’s where the Global Investment Performance Standards (GIPS®) come in! The GIPS standards, developed by CFA Institute, are the global gold standard for investment performance reporting and transparency—helping asset owners and asset managers stand out in Canada’s competitive asset management industry. 🔹 Want to showcase your organization’s commitment to transparency and performance calculation + reporting best practices? Learn more about adopting the GIPS standards today! 🔗 https://lnkd.in/gPc-m8Tc #CIPCCanada #Standards #CFASCGIPS