mutual funds video

Mutual Funds Course Exam Preparation

Study Tools - Study Notes - Success Package

SeeWhy Financial Learning Inc.

What types of jobs require a Mutual Fund license?

Many entry level positions in the financial services industry require the individual to have a Mutual Fund license. Even if a Mutual Fund license is not a pre-requisite to a job posting it is highly recommended if you wish to advance throughout the organization.

Click below for links to current jobs postings in the Mutual Fund industry:

mutual funds jobs


"Thank You so much for creating this program, I have just passed my mutual fund exam with a 79%. I am 100% sure that I would have not passed if it weren't for SeeWhy Learning. Love the way everything is explained and the Memory Aids really helped, I have recommended this program to friends currently enrolled with IFIC."
Thanks again, Daisy

What course does an individual need to complete successfully to obtain their Mutual Fund license?

In order to obtain a Mutual Fund license the individual must successfully complete one of the following courses.

  • Canadian Investment Funds Course® (CIFC) ® offered by the IFSE Institute®
  • Investment Funds in Canada (IFC) ® offered by CSI Global Education® formerly known as the Canadian Securities Institute®
  • Canadian Securities Course (CSC)® offered by CSI Global Education® formerly known as the Canadian Securities Institute®

Once you have successfully completed the required exams you are still required to apply and be registered with the Mutual fund Dealers Association (MFDA) or IIROC.

SeeWhy Financial Learning Inc.

If there are three different courses that can be taken to earn a Mutual Fund license which one should I choose?

The CIFC and IFC course are both Mutual Fund courses that for the most part cover the same concepts. Which course you select is more of a personal choice much like some people drive a Honda Civic while others choose to drive a Mazda 3.

The CSC® is a much more robust course. Completion of this course allows one to apply for a Mutual Fund license (able to sell mutual funds) but it is also the first of two courses required to obtain a securities license (able to sell mutual funds as well as individual stocks, bonds, etc). Some students choose to take this course as it opens up many more career opportunities, however, many that are new to the industry choose to take a Mutual Funds course and then upgrade down the road by taking the CSC.

If you are unsure which course to take or want to know a little bit more before enrolling in a course that costs several hundred dollars you may want to consider one of our study guides. While the purchase of a study guide does not constitute enrolment in the actual course it will allow you to start to learn about the industry and decide if the industry is right for you.

If I purchase one of your study programs, is it the same as enrolling in the actual course on the course provider’s website (i.e. at or Can I book and write the exam(s) through SeeWhy Learning?

Our study materials are learning aids that will significantly speed up your learning and drastically increase your chances of success on the exam(s). To write the exam, you must first enroll in the actual course and book your exam(s) on the course provider's website. You will find course pricing and available exam dates and locations there. Note that the providers generally need 15 business days notice to book your exam.

However, if you are simply interested in learning about the industry for your own personal knowledge, or you want to get a feel for the course before paying for enrolment in the actual course, then you should consider the purchase of our Textbook Summary study guide.


"Just wanted to tell you that "SEEWHY LEARNING" helped me ACE my Mutual Funds Exam! After 2 Re-writes I was getting rather frustrated and that's when I did my research and found this great website!! It may sound expensive and you may feel like you already spent to much money registering for the course, but the $100.00 was totally worth it! I couldn't be happier about FINALLY PASSING my Exam! Thanks Again See Why Learning!" Jodi


"Thank you for providing me all the resources I need for my Investment Funds in Canada CSI Exam. I am pleased to announce that I have passed my Exam and now am registering for my licence to sell mutual funds. I recommend this training to anyone who needs help in preparing for their exam in this challenging course. Thank you for everything."
Roland M. Edwards
Account Manager
Royal Bank of Canada.


"Your stories not only made the learning easier, they actually made me laugh occasionally. I relied completely on your materials and passed the exam! Thank you for making studying fun!"

SeeWhy Financial Learning Inc.

How can you guarantee that I will pass?

Our student’s come to SeeWhy Financial Learning because they want to pass their exam, and if they don’t, we feel that we haven’t done our job as a training company and we shouldn’t be paid. In the unlikely event that you are unsuccessful on your exam, we will refund your money. It’s that simple. Our guarantee works much like the warranty on your car. When you buy a brand new car, the dealer can’t “guarantee” that it will not break down, but while it is covered under warranty, if it does break down you will not have to pay to get it fixed. Here at SeeWhy Financial Learning, we cannot guarantee that you will pass; what we guarantee is that “If you don’t pass, You don’t pay! Period”. Why would we offer the guarantee if weren’t almost positive that you will pass?

money back guarantee

What topics are covered in the mutual fund courses?

  • The Mutual Fund industry
  • Regulatory bodiesThe Mutual Fund industry
  • The investment planning process
  • The “know your customer” rule
  • Assessing an individual’s risk tolerance
  • The history of the Mutual Funds
  • Roles and functions of various departments in a Mutual Fund firm
  • Mutual Fund Fee structure
  • Investments in general
  • Mutual Fund types
  • Fixed income investments
  • Equity investments
  • Preferred and Common shares
  • Derivatives
  • Comparing funds
  • The economy
  • Portfolio managers
  • Financial statements
  • Mutual Fund performance
  • The Canadian tax system
  • Taxation of investment income
  • Registered Retirement Savings Accounts (RRSPs)
  • Features of RRSPs
  • Types of RRSPs
  • Benefits and disadvantages of RRSPs
  • Contribution limits of RRSPs
  • Withdrawing from an RRSP
  • RRSP Strategies
  • The Mutual Fund prospectus
  • Registration of a Mutual Fund salesperson

SeeWhy Financial Learning Inc.

Mutual Funds Course Exam Preparation

Study Tools - Study Notes - Success Package

SeeWhy Financial Learning's Money Back Guarantee

"If You Don't Pass, You Don't Pay ... Period!"

seewhy financial learning

The Investment Industry Regulatory Organization of Canada, abbreviated IIROC in English or Organisme canadien de réglementation du commerce des valeurs mobilières (OCRCVM) en français, is a non-profit, national self-regulatory organization (also known as an "SRO"). Established in 2008 through the merger of the Investment Dealers Association of Canada (IDA) and Market Regulation Services Inc. (RS) on June 1, 2008, the IIROC regulates securities dealers which operate in Canada's equity and debt markets, and is overseen by the Canadian Securities Administrators.

The organization sets regulatory and investment industry standards and has quasi-judicial powers in that it holds compliance hearings and has the power to suspend, fine and expel members and registered representatives, such as advisers. However, it has often been criticized by investor advocates as ineffective.

Although the organization states it has the power to discipline former members, a recent Ontario court decision in the matter of Stephen Taub ruled the Ontario Securities Act does not allow this. A leave to appeal has been filed in the Taub case by regulators. The Ontario court decision does not apply to Saskatchewan and Alberta, where provincial securities regulations state that self regulatory organizations do have the power to pursue enforcement activities with regards to former members.

The Mutual Fund Dealers Association of Canada (MFDA) regulates securities dealers that are registered in Canadian provinces other than Quebec to sell mutual funds and similar products. It is recognized as a self-regulatory organization under the securities legislation of several Canadian provinces.

The trade-marks CSI, CSC, Canadian Securities Course, CPH, Wealth Management Essentials and WME are owned by CSI Global Education Inc. CSI Global Education Inc does not sponsor, license or necessarily recommend these notes and study material for its CSC and WME courses. SeeWhy Financial Learning is an independent supplier of educational services. Exam preparation materials and study notes are not sponsored by any other industry organization.

Canadian Securities Course® (CSC®) Exam Preparation and CSC® Study Notes
The Canadian Securities Course® (CSC®), as offered by CSI Global Education, Inc., is the initial course required for becoming licensed to sell securities, like stocks and bonds, in Canada, as set out by IIROC. The CSC® can also be used to satisfy the educational requirement necessary to sell mutual funds in Canada, as set out by the Mutual Fund Dealers Association (MFDA). Our study materials are designed to help you pass the CSC® exams, and do not constitute enrolment in the actual Canadian Securities Course® itself.

IFIC® IFI® Exam Preparation and IFIC® IFI® Study Notes
Successful completion of the "Mutual Funds" course, as offered by both CSI®/ICB® (Investment Funds in Canada® ~ IFC®) and IFSE® (Canadian Investment Funds Course® ~ CIFC®), satisfies the educational requirement necessary to sell mutual funds in Canada, as set out by the Mutual Fund Dealers Association. Our study materials are designed to help you pass the IFIC exam, and do not constitute enrolment in the actual Mutual Funds course itself.

Life License Qualification Program® (LLQP®) Exam Preparation and LLQP® Study Notes
Successful completion of The Life License Qualification Program® (LLQP®) qualifies students to apply for their "Life License", which is required to sell life insurance products and related investments. Our study materials are designed to help you pass the Provincial LLQP® exam, and do not constitute enrolment in the actual Life License Qualification Program® itself.

Accident & Sickness (A&S) Component of LLQP®
The A&S (Accident and Sickness) component of the LLQP program is for an individual who is looking a career in the life insurance industry as an agent selling accident and sickness (A&S) insurance. The A&S component of the LLQP is a course developed based on a comprehensive curriculum set by the provincial regulators. Students will acquire the knowledge and skills for a career in the life insurance industry as agents in the niche specialty of selling A&S (Accident and Sickness) products - including individual and group health and disability insurance.

Wealth Management Essentials® (WME®) Exam Preparation
The Wealth Management Essentials® Course (WME®), as offered by CSI Global Education, Inc focuses on two critical elements of wealth management - Financial planning and Investment management. Successful completion of the WME® course fulfils IIROC's 30-month requirement for maintaining your securities license. It is also one very important step towards qualifying to write the Certified Financial Planner® (CFP®) exam. Our study materials are designed to help you pass the WME® exams, and do not constitute enrolment in the actual Wealth Management Essentials® Course itself.

Conduct and Practices Handbook® Exam (CPH®)
The Conduct and Practices Handbook (CPH®) is a guide to understanding the rules, regulations, practices and ethics that will guide a career as an investment advisor or representative. Assists in meeting IIROC's proficiency requirements for licensing. Improves employability by gaining the education employers and regulators require.

SeeWhy Financial Learning Inc.

"If You Don't Pass, You Don't Pay ... Period!"

Telephone Toll-Free: 1-888-9-SEEWHY (1-888-973-3949)

SeeWhy Financial Learning
810 Nipissing Rd, Suite 205, Milton, ON L9T 4Z9
* Please contact us for an appointment

Please note that the purchase of SeeWhy Financial Learning's exam preparation materials does not constitute enrolment in the actual licensing course(s). Instead, our materials are designed to assist you in understanding the content of such courses. If you have not already done so, you must register with the applicable course provider in order to obtain their course materials and write the actual exam. For the actual course provider’s website click here.