The Investment Industry Association of Canada (IIAC), with the assistance of 3rd Quartile, is conducting a confidential compensation survey, focussed on non-advisory positions.
IIAC members will have received an email asking them to participate. We encourage full participation to ensure the survey results reflect the industry.
Only firms that participate in the survey will be provided with the results. Specific responses will be kept anonymous and only aggregated data will be shared. We expect to distribute the results by the week of October 14th, and a webinar will follow.
If you would like to participate in the survey, but did not receive an email, or if you have any questions regarding the survey, please contact Susan Copland (IIAC) firstname.lastname@example.org or Steven Osiel (3rd Quartile) email@example.com.
WHY CONDUCT A COMPENSATION SURVEY
Our objective is to provide participating IIAC members with data to aid their development of compensation plans that are in line with industry trends, and to ascertain the competitiveness of their compensation policies vis-à-vis other dealers. Survey results provide useful information to attract, support and retain employees in a highly competitive environment and should be part of every firms overall HR and organizational plan.
Compensation surveys typically require a fee for participation, which bars smaller and independent firms from participating, skewing data. This survey, provided at no cost to IIAC members, has been conducted twice by the Association, in 2012, and in 2017. It was previously targeted to our small dealers, who advised us there was absence of compensation data applicable to the small dealer sector. We received feedback that mid-sized and larger firms would also find value in the survey, consequently the survey has been remodeled to include additional positions to ensure relevancy to all IIAC member firms.