Media info

Association information and downloads for the media

As the industry association representing registered portfolio managers in Canada, PMAC regularly issues a range of press releases on a variety of industry related topics.

Media Contact:

Katie Walmsley, President, PMAC
416-504-7018
Download Katie Walmsley’s overview.

Organizational Profile

Portfolio Management Association of Canada (PMAC) is the official voice of the country’s investment management community. Established in 1952, PMAC now represents more than 200 portfolio management companies who collectively manage more than $1 trillion of assets on behalf of more than one million institutional and private investors.

Purpose

PMAC performs several roles. First it helps members stay abreast of, and comply with, regulatory requirements and provides educational and best practice seminars to encourage integrity, public responsibility and competence in the profession. Second, it communicates the collective views of members and their clients to securities regulators and other government agencies. Third, it seeks to increase public awareness of the benefits of investment counseling.

Members

Member firms of PMAC can be found across Canada employing a range of investment styles and proprietary approaches to meet clients’ needs, objectives and risk tolerances. No two firms are alike. Some are boutiques with assets under management of less than $100 million; others are large firms with assets of more than $25 billion. Member firms manage money for private individuals saving for retirement, pension funds, corporate endowments. foundations, mutual funds and corporations.

Portfolio Managers – Firms or Individuals

A portfolio manager refers to a person or an organization that is hired to to manage an investment portfolio. It may be an individual’s investments or it may be a pension retirements and make investment decisions on your behalf. They may use a variety of titles in addition to portfolio manager such as investment counsel, investment manager, asset manager or wealth manager.

Membership Qualifications

While no two members are alike, all participating firms must meet rigorous standards to achieve PMAC membership, including:

  • Registration as a portfolio manager under the governing securities legislation of a province or territory of Canada;
  • Agreement with professional code of conduct;
  • Members have a fiduciary duty to their clients;
  • Fidelity bonding insurance coverage;
  • Commitment to independence and no business affiliations or gainful associations that could prejudice investment decisions;
  • Fees never contingent on the number or value of transactions made. Fees are a percentage of assets managed in many cases, or a member may charge professional advisory fees. Commission based fee agreements are prohibited.

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Looking for the PMAC Journalism Award? Complete information can be found here.

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