It is therefore vital thatthose engaged in selling Mutual Funds have the highest standards of knowledgeattitude and ethics. Their well being, quality orientation and ways of doingbusiness will have a significant impact on how the Mutual Fund Industrydevelops in the future. June 01, , therequirement of registration with AMFI, in terms of its circular dated November28, would continue. Minimum age for obtaining ARN is 18 years.
The application form for mutualfund schemes shall have provision for disclosing the unique identity number ofsuch sales personnel along with the ARN of the distributor. Each Member of the MFDA must pay annual fees based on the average of their assets under administration for the current and previous year.
A tiered structure has been developed to calculate MFDA annual fees. The fees are payable fifteen days following the beginning of each quarter. Such expenses may include, but are not limited to, leasing of premises; purchase of capital assets e.
A company can become registered as a mutual fund dealer by completing and submitting an application for registration with appropriate securities regulatory authority in each of the provinces or territories in which the company wants to carry on business. Links to the website of each securities regulatory authority can be found on the Related Links page of this site. A company wishing to become registered as a mutual fund dealer must apply for membership in the MFDA, and at the same time should apply for registration as a mutual fund dealer see Question 2 above.
To view the Membership Application Package, please click on the Membership page of this site. The Series 6 consists of multiple choice questions that must be completed within minutes. Register for the FINRA Series 63 exam, which demonstrates an understanding of state and federal securities regulations.
You will need this to obtain state registration. This is an exam with 60 multiple choice question, which must be completed within 75 minutes. Pay the registration fees through your brokerage firm for the states in which you wish to solicit and sell mutual funds. Those wishing to sell variable annuities will also need to pass the state insurance commissioner's life and disability agent license test. Investment Associate. Financial Planner. Investment Advisor. Canadian Investment Funds Course.
The CIFC is unlike any in the industry. The sequence of instruction mirrors the typical process used with clients in the real world. A challenging case study and practice exam enable students to put knowledge into practice. Benefits of the Canadian Securities Course You'll be able to advise others or make a difference in your investments with a deeper understanding of financial markets and products and will also gain more advanced financial advisor skills.
Many people have attained great success after taking the CSC course. It's good for 3 years. As long as you find a new job that will register you as a mutual fund rep within 3 years, you don't need to re-take the exam. If you: Have never been approved with an IIROC member firm, then the validity for the Canadian Securities Course is 3 years and 2 years for all other licensing courses.
Investment Funds in Canada IFC course will give you the certification you need to start giving advice and to start helping your clients make smart investment decisions based on their needs. You're going to have to know the content in order to pass it, but the content itself is not difficult and the exam is multiple-choice with no calculations beyond about 8th-grade math.
What is the IFC useful for? IFC limits you to mutual funds.
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