Insurance, Investment & Financial Advisor
HGI and Company

I have been a member of RDBA since 2010. Through this time I have enjoyed the support that RDBA offers to individual deposit brokers. As an organization, the effort the RDBA have put forth to shape regulatory policies, raise the educational standards of its members through industry training like annual anti-money laundering and anti-terrorist financing training is very much welcomed. With the RDBA’s continued support, advisors can focus on working with their clients and providing service to ensure their clients’ needs are met.

Keep up the good work.

President
Monarch Wealth GIC Services Inc./GICdirect

GICdirect has been a member of the RDBA since 1999 and Monarch Wealth has been a member since 1989. The RDBA continues to increase investor awareness of Deposit Brokers and their services, helps to shape regulatory policies and initiatives, raises educational standards of its members through industry training and provides annual anti-money laundering and anti-terrorist financing training and testing. The RDBA is also helping to simplify the deposit business through the development and maintenance of standardized regulatory compliant forms and procedures.

Manager, Business Development- Deposit Services
Bridgewater Bank

RDBA facilitates a robust exchange of information and ideas among financial institutions and deposit brokers, enhancing collaboration and innovation within the industry. The educational opportunities offered demonstrate RDBA’s commitment to professional development. Also, their advocacy efforts with federal and provincial regulators serve to safeguard our interests and promote a regulatory environment conducive to our business operations. We are grateful for the ongoing support and resources provided by RDBA.

Account Manager, Deposit Services
Community Trust Company

Community Trust Company is a long-time member and supporter of the RDBA. I see them as the backbone of the industry. They provide AML training, testing, forms, and representation at events which are just some of the ways they promote and elevate the status of the deposit taking industry. Their role strengthens the relationship between brokers and financial institutions and should give customers confidence they have made the right choice when working with their members.

Chief Operating Officer
Fiscal Agents Ltd.

The RDBA belongs to its members to the benefit of the conservative investor. It establishes and reinforces educational and professional standards that represent excellence and commitment.

The RDBA provides a forum in which like minded, consumer-focused professionals can exchange ideas and refine best practices. It advocates for the consumer and enhances public awareness of the deposit industry.

Business Advisor
Haventree Bank

RDBA is a valuable organization for financial institutions partnering with deposit brokers. They ensure that member advisors obtain and maintain the compliance training necessary for deposit brokers in Canada. RDBA also acts as a great conduit, providing brokers and FIs with current and compliant forms and fostering confidence in their GIC business.

Past President
General Bank of Canada

The RDBA has in place a set of professional standards to help ensure that financial institutions can demonstrate compliance with their regulatory requirements of operating in the deposit-taking world. The fact that so many Financial Institutions can work together with independent Deposit Brokers demonstrates a level of collaboration and cooperation that is very rare in the Canadian financial services space.

Vice-President, Page and Associates Ltd.
Financial Planner, Page and Associates
Worldsource Financial Management Inc.

The RDBA is in a unique position to help develop standards for the Deposit Broker channel because it brings together Brokers and the Financial Institutions whose products they distribute. By working together, the two groups can formulate standardized business processes that ensure compliance with regulatory requirements and enhanced efficiency for Brokers.

The RDBA performs a consumer-facing public relations function by promoting the Brokers’ value proposition and maintaining a website that helps consumers find the Brokers nearest to them.

Certified Financial Planner
Desjardins Financial Security Independent Network

I have been a member for a few years and would like more of the advisors to be properly registered going forward. With a heavy focus by regulators on protecting the interest of seniors, the RDBA organization is the best institution for advisors to provide comfort and confidence in this industry.

Treasurer
DUCA Financial Services Credit Union Ltd.

DUCA Financial Services Credit Union proudly commends the Registered Deposit Brokers Association (RDBA) for its unwavering commitment to advancing the Deposit Broker channel. As a longstanding member of the RDBA, DUCA has witnessed firsthand the invaluable collaboration between Brokers and Financial Institutions fostered by this association.

The RDBA plays a pivotal role in developing and maintaining standards for the Deposit Broker channel, facilitating the formulation of standardized business processes that ensure compliance with regulatory requirements. This not only enhances efficiency for Brokers but also upholds the highest standards of professionalism. The association’s consumer-facing initiatives contribute significantly to investor awareness and accessibility.

DUCA acknowledges the RDBA’s proactive engagement in shaping regulatory policies, elevating educational standards through industry training, and simplifying the deposit business with standardized regulatory-compliant forms and procedures. We extend our gratitude to the RDBA for its ongoing efforts in fostering a robust and reputable Deposit Broker community.