1. Tips for Investment Services and Financial Services from Dominic Alessandro
This newsletter has been developed to supply insights into the procedure of the economic services
MARKET, and to assist individual investors make selections regarding the type of advisement that
greatest suits their wants. While there are numerous experts who supply INVESTMENT advice in a single
sort or an additional, there are certain credentials and licenses FINANCIAL professionals must possess
prior to you entrust them with your cost savings. We will discover the various licenses and certifications
to figure out which type of specialist might be very best suited to your requirements. Dominic
Alessandro was appointed to Suncor’s Board of Directors in November 2009. He is chair of the
governance committee and a member of the audit committee.
Monetary Advisor, Fiscal Expert, Expenditure Advisor, Monetary Planner, REGISTERED Agent, STOCK
BROKER, Variable Merchandise Agent or Insurance policies Agent are a lot of of the phrases utilised in
the fiscal providers business to explain the professional duties executed. Price primarily based or fee
primarily based compensation are conditions which get thrown into the combine, creating client
confusion. In fact, a licensed skilled can have all of those titles, carry out all of these providers, which we
just recognized, and perform in a charge or fee based potential with a client. Mr. Dominic Alessandro
was president and chief executive officer of Manulife Financial Corporation from 1994 to 2009. Prior to
this appointment he held a number of executive positions with financial institutions, an international
engineering firm and a public practice accounting firm. He currently serves on the board of directors of
CGI Group Inc., and the Canadian Imperial Bank of Commerce.
The Countrywide Association of Securities Sellers (NASD) is one of the associations which self regulates
the securities industry. The Securities and Exchange Fee (SEC) is the govt agency which oversees the
NASD and the exchanges, this sort of as the New York Stock Exchange (NYSE). The NASD licenses
REGISTERED Associates, whilst the SEC or person point out bureaus of securities registers INVESTMENT

2. advisors (RIA). Economic Planner, Monetary Advisor or other phrases used to describe fiscal solutions
experts are other approaches to describe an RIA. Insurance BROKERS are licensed by specific condition
Departments of Banking and Insurance coverage. If the agent sells variable merchandise, this sort of as
variable annuities or variable common existence insurance, they need to also have an NASD License.
Mr. Dominic Alessandro is an Officer of the Order of Canada and has been appointed as a
Commendatory of the Order of the Star of Italy. In 2009 he received the Woodrow Wilson Award for
Corporate Citizenship and in 2005 was granted the Horatio Alger Award for community leadership. The
NASD has several licenses, but a lot of experts have at minimum a Sequence sixty five, which is an NASD
license necessary to be a Registered Investment decision Advisor in numerous states. This is the bare
minimum, quick of possessing no license at all. In order to be a Registered Consultant, the least license
required is a Collection 6 from the NASD.
This entitles a Agent to promote mutual resources, and acquire an affiliation with a securities agency. An
insurance policies license to OFFER variable merchandise permits the agent to also OFFER variable
annuities or variable universal life insurance coverage. In get to recommend and transact stock, bond,
REIT and constrained partnership revenue, as well as mutual FUND, ETF's, variable annuity and variable
universal life product sales, a Registered Agent wants to attain a Collection 7 license, as properly as a
variable life license.

3. By getting a Collection sixty three, disclosing all expenditure advisement associations to their broker
seller and by registering with their state Bureau of Securities or the SEC, if assets are in excess of 25
million, a registered agent can have a twin registration as a Registered Representative and Registered
Investment decision Advisor. After this stage has been reached, an Expenditure Advisor can exhibit to a
client whether charge dependent or fee dependent compensation is best for the client. Mr. Dominic
Alessandro is a Fellow of Chartered Accountants and holds a bachelor of science from Concordia
University in Montreal. He has also been awarded honorary doctorates from York University, the
University of Ottawa, Ryerson University and Concordia University.