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The Voice of Canada’s Investment Funds Industry

Your media contact is:
Pira Kumarasamy
Senior Manager, Communications and Public Affairs

News Release

IFIC presents Claude Montmarquette: The Gamma Factor and the Value of Financial Advice

For media registration and to pre-arrange speaker interviews, please contact:
Sara Clodman (; 416-309-2317)

Important Note: Media are welcome to attend the full event, to cover Dr. Montmarquette’s presentation and to interview the speaker and moderator. However, members’ comments/questions during the session are off the record unless the individual gives express permission to be quoted.

What: Dr. Claude Montmarquette (from the Centre for Interuniversity Research and Analysis of Organizations (CIRANO) will present his research findings on the impact of a financial advisor in building household wealth and the factors that contribute to wealth accumulation. Following Dr. Montmarquette’s presentation, audience members will be invited to ask questions.

Why: The latest CIRANO study builds on work that was first published in 2012 and brings new and critical insight into the causality of wealth accumulation. It also looks at what happens when households keep or drop an advisor.

When: Monday, November 7, 2016 from 12:00 p.m. to 2:30 p.m.

Where: Toronto Region Board of Trade, 77 Adelaide Street West, Toronto

Who: Dr. Claude Montmarquette is a Fellow of the Centre for Interuniversity Research and Analysis of Organizations (CIRANO) and Professor Emeritus of Economics from the University of Montreal. He has authored or edited eight books, more than 70 scientific articles, and more than 55 public policy papers.  Dr. Montmarquette has chaired and participated on many committees for the Government of Quebec and for many others, both nationally and internationally. He is a member of the Order of Canada.

Jonathan Durocher, our session moderator, is Senior VP, National Bank Financial, and President & CEO, National Bank Investments. He is a member of the board of directors of IFIC and the board of directors of Cystic Fibrosis Quebec.

About the Audience: Representatives from the financial services sector, including mutual fund managers, dealers, suppliers and affiliates. Financial planners and advisors. Staff from associations and regulatory agencies.

About IFIC: The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canada’s mutual fund industry and its investors for more than 50 years.

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