Croesus Joins the IIAC and Two of Their Committees Around CRM2 Initiatives

Press Room

Croesus Joins the IIAC and Two of Their Committees Around CRM2 Initiatives

Montreal, February 7, 2014 – As part of its dedication to support the investment industry on market advancement initiatives, Croesus is pleased to announce that it has joined the Investment Industry Association of Canada (“IIAC”) as an affiliate member.

Furthermore, in order to collaborate in solving timely industry challenges, Croesus has joined the IIAC CRM2 (Client Relationship Model) Implementation Working Group to identify and solve CRM2 implementation problems, and has also joined the IIAC Market Value Working Group to review reporting requirements in detail.

Remy Therrien, Croesus’ President & CEO, adds that “joining IIAC allows Croesus to better understand and support CRM2, share our expertise and ensure that our product will help our client to better meet these new compliance requirements”.

The four core principles of the CRM are better relationship disclosure; improved management and disclosure of conflicts of interest; enhanced account suitability; and more transparent account performance reporting.

About Croesus
Since 1987, Croesus has provided brokerage firms and independent advisors an advanced portfolio management and integrated CRM software. Croesus enables investment advisors to improve the management of portfolios and relationships, optimize the assessment of performance returns, while reducing exposure to risk by meeting GIPS compliance requirements. As a comprehensive solution, the Croesus SaaS platform integrates with major back-end systems such as IBM, custodians like TD Ameritrade and financial information providers that include Morningstar, Thomson One and Fundata. The software of choice for leading brokerage firms like CIBC Wood Gundy and National Bank Financial, Croesus clients manage over $400 B in total Assets Under Management.

About the IIAC
The Investment Industry Association of Canada (IIAC) is the national association representing the investment industry’s position on securities regulation, public policy and industry issues on behalf of our 166 IIROC-regulated investment dealer Member firms in the Canadian securities industry. These dealer firms are the key intermediaries in Canadian capital markets, accounting for the vast majority of financial advisory services, securities trading and underwriting in public and private markets for governments and corporations. The IIAC provides leadership for the Canadian securities industry with a commitment to a vibrant, prosperous investment industry driven by strong and efficient capital markets. For more information, visit the IIAC website at

Frédéric Le Bouar
Director of Product Marketing and Business Promotion

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