Mutual Fund Dealer's Association - MFDA


DEFINITION of 'Mutual Fund Dealer's Association - MFDA'

A self-regulatory organization that oversees the Canadian mutual fund industry as it relates to the sales of mutual funds to retail investors. The Mutual Fund Dealer's Association (MFDA) was created in 1998, in response to the rapid growth of the mutual fund industry in Canada. The MFDA's goal is to protect investors by serving as a regulator and liaison between the mutual fund industry and the best interests of investors.

BREAKING DOWN 'Mutual Fund Dealer's Association - MFDA'

As of 2011, the MFDA regulates approximately 136 mutual fund dealers, who together employ over 73,000 sales personnel. This represents approximately $300 billion in assets under administration (AUA) within Canadian mutual funds. The MFDA is structured as a not-for-profit organization and is overseen by a 12-member board of directors. The Board is divided equally into six members representing the public and six members representing the mutual fund industry.

  1. Dealer

    A person or firm in the business of buying and selling securities ...
  2. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  3. Full-Service Broker

    A broker that provides a large variety of services to its clients, ...
  4. Market Maker

    A broker-dealer firm that accepts the risk of holding a certain ...
  5. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected ...
  6. Alpha

    Alpha is used in finance to represent two things: 1. a measure ...
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  1. How often are mutual fund prices updated?

    A mutual fund's price, or its net asset value (NAV), is determined once a day after the markets close at 4 p.m. Eastern time ... Read Full Answer >>
  2. Can minors invest in mutual funds?

    A mutual fund can be opened under the name of a minor through a custodial account overseen by a guardian. The custodian holds ... Read Full Answer >>
  3. Can mutual funds only hold stocks?

    There are some types of mutual funds, called stock funds or equity funds, which hold only stocks. However, there are a number ... Read Full Answer >>
  4. How do mutual funds compound interest?

    The magic of compound interest can be summed up as the concept of interest making interest. On the other hand, simple interest ... Read Full Answer >>
  5. Do mutual funds pay interest?

    Some mutual funds pay interest, though it depends on the types of assets held in the funds' portfolios. Specifically, bond ... Read Full Answer >>
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    Mutual funds have become an incredibly popular option for a wide variety of investors. This is primarily due to the automatic ... Read Full Answer >>

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