Agrawal Associates confirms IIROC licencingSubmitted by Agrawal Associates on May 11th, 2017
May 15, 2017
On April 13, 2017, the advisors of Agrawal Associates Private Wealth Management became licensed as a Registered Representative Securities — Retail with the Investment Industry Regulatory Organization of Canada (IIROC).
The change not only means significant opportunities for clients, but also for any new advisors joining our practice during this time of exciting growth.
“We were very happy with our previous MFDA licensing,” says Girish Agrawal, Principal of Agrawal Associates. “At the time, it provided solutions that met client objectives. However, in a rapidly changing industry, new solutions for personal wealth management emerged and not all of these options were available.”
The new IIROC licence allows advisors of Agrawal Associates to work directly with, and offer clients, new investment options they weren’t previously able to offer. The new license also means we have the ability to advise on stocks, bonds and other securities. In addition to enhanced advice, we’ll be able to consolidate clients’ investments and reduce paperwork and mailings in the administration of accounts.
Before becoming IIROC licensed, clients were already well-aware of the benefits of this additional training and licencing.
“We hosted two informative, education sessions for clients in November 2016,” explains Kaza Smith, Practice Manager. “These meetings gave clients the chance to learn what IIROC means to them, and ask questions about what new opportunities this change could mean for their investments.”
Moving to IIROC also raises the standards for Associates within Agrawal Associates. New Associates who plan to join the team will need to be committed to getting IIROC licenced to continue to serve clients.
“This is important for potential new Associates to know. It represents a higher standard for education and allows us to better serve clients,” says Smith.
Financial services professionals wishing to become Associates, but who don’t have the necessary requirements to be IIROC licensed, will be taking on in an Assistant capacity until they complete such requirements.
Smith explains that Agrawal Associates will help all new team members reach their goals.
“We’re committed to helping our team members to become IIROC licensed”.
- Agrawal Associates