Managing wealth in Canada: Iqbal Tejpar CA

Vancouver
Andrea Murad By Andrea Murad, CA Today

13 September 2017

Andrea Murad talks to Iqbal Tejpar CA, CPA, CFA, Vice President and Portfolio Manager at BMO Nesbitt Burns Inc. in Vancouver, Canada, about how he developed an interest in capital markets and planning for the future.

How did you end up in Vancouver and transition to wealth management?

My wife and I decided to make Canada our home; we felt it was where we would like to raise our family. We moved here in 1990 and the CA qualification allowed me to find a job in public accounting.

I was restless though; I felt that clients were more focused on the future of their business than the historical picture we were presenting in their financial statements.

Wealth management was all about the future, and it offered a journey that I could take with my clients. It also gave me a chance to work in the capital markets, which as I said, was a passion I developed while articling.

I felt that clients were more focused on the future of their business than the historical picture we were presenting in their financial statements.

When I moved to Vancouver I qualified as a CA in British Columbia (now CPA). I joined a firm of discretionary money managers in 1996, and in 1998 I obtained my CFA designation.

I probably use the CFA knowledge more now, but the CA background has been invaluable in understanding the financial circumstances of my clients, many of whom have corporations, IPPs, foundations, etc.

Of course, taxation is a large factor in maximizing wealth, and my accounting background has been valuable there too. For what I do, the combination of CFA and CA is stronger than having just one or the other.

What do you enjoy about wealth management?

I care deeply for my clients, and maintaining a fulfilling relationship with all of my clients is a priority. I have been in management positions but found that I preferred the personal client interaction.

I probably came into the industry too late to become an analyst, but I question whether that choice would have been a good fit with my personality.

How do you stay in touch with ICAS?

About 10 years ago, Anton Colella visited Vancouver and gathered the ICAS members for dinner. I was surprised that there were so many other members in the city! 

I encourage the newly qualified to be part of the ICAS community and as they achieve success, share it with those around them that are working their way up.

After dinner, I suggested to a few others that we get together again, maybe for a round of golf and so started a tradition of ICAS golf tournaments. We were delighted to have sponsorships from the large accounting firms, and even from the British Consulate.

What initially interested you in becoming a CA?

At first, I considered a career in law but realized I needed a profession that allowed more international mobility. After I graduated from the University of Aberdeen, I joined KMG Thomson McLintock. 

I soon realized I had picked the right career and the right firm; the partners and managers really cared about our success! The quality of teaching at ICAS was also incredible, and the combination gave me the confidence to launch my career overseas.

What aspects of your ICAS training and experience most impacted your future career?

I would say there are two aspects: Firstly, after qualifying as a CA in 1987, I worked for a few years in Kenya as Group Financial Controller for a chain of world-renowned hotels. It was a fun and exciting role for a young CA!

I soon realized I had picked the right career and the right firm; the partners and managers really cared about our success!

Secondly, during my time articling in Edinburgh, I was exposed to asset managers and insurance companies, with some involvement in M&A work, and all this gave me a strong interest in capital markets.

What advice would you offer to newly qualified CAs?

The ICAS brand is globally recognized and it is one we should be proud of. I hope we can all protect the brand by maintaining our integrity and professionalism. I realize this is easier said than done in some parts of the world.

I encourage the newly qualified to be part of the ICAS community and as they achieve success, share it with those around them that are working their way up.

I have had the good fortune to live on three different continents and my education gave me the ability to adapt to new worlds, and the credibility to find employment and settle down in new countries. I am proud to be a member of ICAS (and proud to be a Canadian!).


Disclaimer: ® “Nesbitt Burns” is a registered trade-mark of BMO Nesbitt Burns Inc. BMO Nesbitt Burns Inc. is a wholly-owned subsidiary of Bank of Montreal. If you are already a client of BMO Nesbitt Burns, please contact your Investment Advisor for more information.


About Andrea Murad

Andrea Murad is a New York–based writer. Having worked on both Wall Street and Main Street, she now pursues her passion for words. She covers business and finance, and her work can be found on BBC Capital, Consumers Digest, Entrepreneur.comFOXBusiness.com, Global Finance and InstitutionalInvestor.com.

Topics

  • Financial Services
  • CA life
  • North America

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