IIROC has a commitment to high proficiency standards that are regularly reviewed to ensure they reflect current marketplace realities and investor needs.
IIROC approved advisors must complete courses before and after they are approved for employment. Advisors and RRs must complete the Canadian Securities Course and the Conduct and Practices Handbook Course, as well as the Registrant Code of Ethics and the Registrant Standards of Conduct.
Then, once approved for employment at an IIROC-regulated firm, the advisor or registered representative must complete a 90-day training program, with content set by IIROC. To learn more about the various approval and registration categories offered by IIROC and what they mean, click here
Within 30 months after approval, advisors or RRs must complete the Wealth Management Essentials Course, which requires approximately 110-160 hours of study and has two three-hour exams.
Additional courses are required if advisors or RRs wish to sell options or futures. To provide discretionary advice or portfolio management services, they must complete the Wealth Management Investment Management Supplement (the IMT) and the Portfolio Management Techniques Course (the PMT).
All these courses are provided by the Canadian Securities Institute, with IIROC approved content. Individuals can also complete the three levels of the Chartered Financial Analyst program administered by the CFA Institute.