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.
Job Titles
- Foreign exchange dealer
- Foreign exchange trader
- Investment representative
- Mutual fund sales agent
- Mutual fund sales representative
- Stock exchange floor trader
- Stocks and bonds trader
Main 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.
Workplaces
- Financial securities industry
- Investment companies
- Stock and commodity exchanges
- Stock brokerage firms
Skills
- Critical Thinking
- Decision Making
- Digital Literacy
- Evaluation
- Management of Financial Resources
Abilities
- Deductive Reasoning
- Numerical Ability
- Categorization Flexibility
- Fluency of Ideas
- Inductive Reasoning
Personal Attributes
- Stress Tolerance
- Active Learning
- Adaptability
- Analytical Thinking
- Attention to Detail
Similar Occupations
- Insurance, real estate and financial brokerage managers (10020)
- Financial and investment analysts (11101)
- Other financial officers (11109)
Source: OaSIS
Employment Outlook
The employment outlook will be moderate for Securities agents, investment dealers and brokers (NOC 11103) in Prince Edward Island for the 2022-2024 period.
The following factors contributed to this outlook:
- Employment growth will lead to a moderate number of new positions.
- Not many positions will become available due to retirements.
- There are a small number of unemployed workers with recent experience in this occupation.
Here are some key facts about Securities agents, investment dealers and brokers in Prince Edward Island:
- Approximately 50 people worked in this occupation in May 2021.
- Securities agents, investment dealers and brokers mainly work in the following sectors:
- Monetary Authorities – central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): more than 95%
- The gender distribution of people in this occupation is:
- Men: 33% compared to 51% for all occupations
- Women: 67% compared to 49% for all occupations
- The educational attainment of workers in this occupation is:
- no high school diploma: n/a
- high school diploma or equivalent: n/a
- apprenticeship or trades certificate or diploma: n/a
- college certificate or diploma or university certificate below bachelor’s: n/a
- bachelor’s degree: 56% compared to 17% for all occupations
- university certificate, degree or diploma above bachelor level: n/a
Source: Job Bank
Prevailing Wages
| AREA | LOW | MEDIAN | HIGH |
|---|---|---|---|
| PEI | N/A | N/A | N/A |
| Canada | $24.04 | $46.15 | $88.94 |
Training
There are no known training programs for this occupation in PEI. If you are aware of a local training program, please contact us.
There are currently no job listings for this occupation on WorkPEI.