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The Registered Deposit Brokers Association (RDBA) is a community of professionals whose mandate is to protect the right of deposit investors, to ensure that the regulatory environment for Deposit Brokers is fair and efficient and to help members protect their businesses and their investing clients, while promoting a healthy environment of competition and growth.
The three objectives of the RDBA are:
1. Protection of Investors.
We do this by:
Advocating a proactive and balanced approach to regulation and industry issues in the Deposit Broker industry to protect the investor - at no cost to the investing public.
Authorizing a conduit of professional, knowledgeable and trained specialists who provide investment services in guaranteed investments products.
Educating the investor of the industry accepted deposit process and expectations when investing with a reputable Deposit Broker.
Mandating a safe and informed marketplace for investors through professional development, ethical and business standards, and reputational integrity.
Ensuring the RDBA recognized education designations earned by members have constant and consistent value and are a mark of professionalism.
Providing online access to investors listing RDBA approved registered deposit agents.
2. Safeguarding Deposit Brokers.
We do this by:
Advocating a balanced approach to regulation and industry issues to protect and safeguard members in a rapidly changing Deposit Broker industry.
Educating Deposit Brokers through offering an industry recognized education course that leads to Registered Deposit Broker (RDB), Registered Deposit Agent (RDA), and Certified Deposit Specialist (CDS) designations eligible for 30 CE credits.
Representing a valuable interactive network to address forward-thinking topics and specific challenges that inspires powerful ideas to find solutions facing your business and the deposit industry.
Providing professional membership that carries a high reputational value as members share common values by promoting integrity, ethics, and business standards.
Mandating standardized forms and guidelines that positively impact the simplification and efficiencies of business processes and operations to handle compliance issues.
Protecting members through its commitment to the investing public and as a liaison between the government regulators and Financial Institution members.
3. Security to Financial Institutions.
We do this by:
Representing a focused conduit of professional, knowledgeable and trained specialists in guaranteed investments.
Providing reassurance and credibility to the Board of Directors of Financial Institution members by cultivating a national association where members promote professional development, ethical and business standards, and reputational integrity.
Representing a structured channel of distribution of deposit products that has been proven to be a flexible, reliable, effective, and cost efficient source of raising deposits.
Providing geographical representation in communities of all sizes and diverse locations across Canada.
Acting as a resource for ideas to produce new products or services, industry development, and improvement that would lower costs and increase efficiencies.
Providing benefit from the activities listed in the Protection of Investors and the Safeguarding of Deposit Brokers.
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