Securities agents, investment dealers and brokers

Securities agents, investment dealers and brokers

NOC
1113

Securities agents and investment dealers buy and sell stocks, mutual funds and other securities for investors. Brokers trade securities at stock exchanges on behalf of investment dealers.

Quick facts

3 Year Outlook

Undetermined
Undetermined

3 Year Job Openings

9
 

Median Hourly Wage

N/A

Median Salary

$41,429
 

Typically Required

University

Employed

97
 

% Working Full Time

78%
 

% Working Full Year

72%
 
Job details

Full NOC Description

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.

Main Duties

Securities agents, investment dealers and Brokers 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.
  • 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 investment company 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.

Also Known As

  • 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
  • registered representatives supervisor
  • securities agent
  • securities sales agent
  • securities trader
  • stockbroker
Requirements

Employment Requirements

  • A bachelor's or master's degree in economics, business or other discipline is usually required.
  • Securities sales representatives and brokers require completion of industry investment and sales training programs and completion of the Canadian Securities course and the Registered Representative Manual Exam offered by the Canadian Securities Institute.
  • Specialized courses are also available for securities sales representatives and brokers who want to trade in specific investment products such as securities options and futures contracts.
  • Licensure by the provincial securities commission in the province of employment is required for securities agents, investment dealers and brokers.

Provincial Regulation

  • Provincially Regulated: Yes
  • Compulsory: Yes
Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

16.7%
Female
83.3%
Male
Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

0.0%
15-24
22.2%
25-34
38.9%
35-44
22.2%
45-54
16.7%
55-64
0.0%
65+
Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

0.0%
No Certificate, Diploma or Degree
16.7%
High School, Diploma or Equivalent
16.7%
Apprenticeship or Trades Certificate or Diploma
22.2%
College or University Below Bachelor Level
44.4%
University - Bachelor Level or Above
Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

84.2%
Finance and insurance
15.8%
Transportation and warehousing
0.0%
N/A
0.0%
All Other Industries
Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

10.50%
Northeast
10.50%
Southeast
15.80%
Southwest
52.60%
Central
10.50%
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Median Salary by Economic Regions

The following graph shows the median salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

No Data Available

Data legend

No Data Available
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

No Data Available
Salary

This following represents the median salary of all persons employed in this occupation compared to the median salary of workers employed in this occupation that work full-time year-round.

All Workers Employed in this Occupation

$41,429

Workers Employed Full-time, Full-year

$53,994

This following represents the median salary of persons employed in this occupation across each of the Atlantic Provinces and nationally.

New Brunswick

$41,429

Newfoundland

$57,624

Prince Edward Island

N/A

Nova Scotia

$42,277

Canada

$56,085
Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Three Year Outlook

Total Openings: 3 Year

9
 

New Jobs: 3 Year

0
 

Retirements/Deaths: 3 Year

9
 

Ten Year Outlook

Total Openings: 10 Year

29
 

New Jobs: 10 Year

-2
 

Retirements/Deaths: 10 Year

32