Investment Counsel Association of Canada Membership Eligibility
In keeping with its Mission, the Association encourages integrity, public responsibility and competence in the profession of investment counsel. Qualification for membership is prescribed below.

The following is an excerpt from the corporation’s Bylaw No. 1:

Any person (whether a corporation, partnership or sole proprietorship) may become a Member, provided:

 (a) it is engaged in the professional practice of investment counsel and portfolio management;
 (b) it is registered as an adviser or in a similar capacity under the governing securities legislation in any province or territory of Canada;
 (b) it qualifies for and maintains mandatory insurance coverage as prescribed by the board of directors of the Corporation from time to time or is otherwise acceptable to the directors;
(c) not more than 30% of its active business income is derived from a source or sources other than an investment counsel and portfolio manager; and
(d) it is not owned or affiliated, either directly or indirectly, by or with any stock broker, investment dealer or securities underwriter (each, an "Affiliate") unless all of the following conditions apply:

(i) such Member is incorporated separately from the Affiliate, maintains a separate board of directors and premises and has a separate compliance staff;
(ii) all employees of the Member who have contact with clients in matters relating to the allocation of assets and client portfolios are registered as investment counsel with the relevant securities regulatory authority; and
(iii) the Member does not effect security transactions through an Affiliate unless:

(x) the client otherwise specifically authorizes the Member in writing;
(y) the client acknowledges in writing to the Member that it understands there is a  potential for conflict of interest; and
(z) the use of the Affiliate is reasonably expected to result in overall financial benefit to the client having regard for research provided and the difficulty of effecting certain trades.

If you meet the above guidelines, we invite you to down and sumbit a Membership Application.pdf.  For more information please contact:

+ Katie Walmsley, President
416-504-7018

+ Alexandra Stephen, Member Services Coordinator
416-504-1118