IIROC encourages investors to check up on advisors

IIROC encourages investors to check up on advisors

IIROC encourages investors to check up on advisors In observance of Investor Education Month, IIROC has released a statement promoting its free advisor database. Named AdvisorReport, the tool is designed to help investors who are at the stage of choosing or working with an advisor.

The database is a popular and easy-to-access online tool that lets investors research the professional background, qualifications, and employment history of investment advisors who work at IIROC-regulated firms.

Investors who check AdvisorReport may learn how experienced an advisor is and whether he or she has ever faced sanctions or has ongoing restrictions for violating IIROC rules. Nearly 40,000 searches were done on the online database last year.

“Investors need access to relevant information and tools to help them make informed decisions,” said IIROC Vice President for Public Affairs and Member Education Services Lucy Becker. “IIROC's advisor check database is another useful resource that Canadians can use to do research when choosing an advisor to help them invest their savings.”

IIROC’s website hosts other helpful tools to help the investing public stay informed, including investor bulletins and an investor knowledge quiz.


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