Archive - Securities Agents, Investment Dealers, and Brokers (NOC 1113)

Published: 2 October 2014
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If you are interested in working as a Securities Agent, Investment Dealer, or Broker in Canada, you will be pleased to know that the outlook of your occupation in Canada is extremely healthy with significantly more opportunities than job seekers.

You can use this overview of the Canadian employment prospects in your field to start planning your immigration and settlement in Canada.

securities-agents-investment-dealers-brokers

Important statistics for this occupation:

  • This field allows advancement to related management positions with experience.
  • Retirements account for the majority of openings in this field, due to the higher average age of workers in this field and the lower average retirement age.
  • A number of workers are also projected to leave this line of worker for other occupations, generally in management, which will allow for greater opportunities for newcomers.
  • The median yearly income for a Securities Agents, Investment Dealers and Brokers is $67,100 in Canada, with high incomes reported in the range of $120,000.

Duties for Securities Agents, Investment Dealers, and Brokers

Securities agents and investment dealers buy and sell stocks, bonds, treasury bills, mutual funds and other securities for individual investors, pension fund managers, banks, trust companies, insurance firms and other establishments. Brokers buy and sell stocks, bonds, commodity futures, foreign currencies and other securities at stock exchanges on behalf of investment dealers. They are employed by investment companies, stock brokerage firms, stock and commodity exchanges and other establishments in the securities industry.

Description of Main Duties

Securities Agents and Investment Dealers perform some or all of the following duties:

  • Develop long-term relationships with their clients by preparing investment strategies to help them achieve their financial goals, offering advice and information on various investments to guide them in managing their portfolios
  • Review financial periodicals, stock and bond reports, business publications and other material, and develop a network within the financial industry to gather relevant information and identify potential investments for clients
  • Carry out investment orders by buying and selling stocks, bonds, treasury bills, mutual funds and other securities for individual investors, pension fund managers or companies such as banks, trust companies and insurance firms
  • Monitor clients' investment portfolios and ensure that investment transactions are carried out according to industry regulations.

Brokers perform some or all of the following duties:

  • Buy and sell stocks, bonds, commodity futures, foreign currencies and other securities at stock exchanges on behalf of investment dealers
  • Develop trading strategies by reviewing investment information and monitoring market conditions from the exchange floor and through contact with trading departments of other investment firms, pension fund managers and financial analysts
  • Make bids and offers to buy and sell securities and complete details of sales on exchange trade tickets
  • Prepare reviews of portfolios' positions.

Example job titles for Securities Agents, Investment Dealers, and Brokers:

  • Agent, securities
  • Bond dealer
  • Broker
  • Commodity broker
  • Discount broker
  • Floor trader – commodity exchange
  • Foreign exchange trader
  • Investment dealer
  • Mutual fund broker
  • Mutual fund sales representative
  • Registered investment representative
  • Securities sales agent
  • Securities trader
  • Stockbroker
  • Supervisor, registered representatives

Find out about salary ranges for Securities Agents, Investment Dealers and Brokers in different Canadian cities with our Canada Salary Calculator.

You can start looking for a job in Canada by using our Canada Job Search Tool.