The sun barely peeks over the horizon as the Money Charge Solutions team finds themselves at a local Sherbrooke diner for an early breakfast meeting. Over hot coffee and fresh pastries, they’re discussing their latest client, Fatima, a savvy entrepreneur who owns a successful chain of artisanal bakeries across Quebec.

Fatima is in the process of making strategic business decisions and requires a comprehensive view of her financial partners to make informed choices. With an annual turnover of $8 million, a net profit margin of 20%, and a growth rate of 10% per year, Fatima's business is flourishing. However, she’s currently juggling relationships with multiple financial institutions, including a commercial bank for her business account, a credit union for her employees’ benefits, an investment dealer managing her personal portfolio, and a trust company overseeing her retirement fund.

The disconnect among these financial service organizations hampers Fatima’s ability to get a clear picture of her financial standing. She’s also contemplating a career shift towards financial advisory roles, wanting to leverage her business success and financial acumen.

As consultants, it’s your job to aid Fatima in understanding the functions, roles, structure, and operations of these financial service organizations in the Canadian banking system. It’s time to roll up your sleeves and help Fatima make sense of her financial panorama while keeping an eye on her career aspirations.

Questions

A comprehensive report differentiating the functions, roles, structure, and operations of Fatima’s financial service organizations (banks, credit unions, investment dealers, trust companies, etc.)

Outline a strategic plan that aligns Fatima’s financial partners with her business goals and personal career aspirations.

An interactive presentation demonstrating the impact of each financial service organization on Fatima’s overall financial position and potential career paths in the financial advisory sector