Questrade team wins JA 2020 investment strategies program
–A student competition sponsored by the leader in online brokerage created next-generation investors as a commitment to financial education –
TORONTO, Dec. 21 2020 (GLOBE NEWSWIRE) – Questrade (www.questrade.com) – Canada’s fastest growing online brokerage firm – is proud to announce that one of its sponsored teams, Questrade Success Team Inc. from John Cabot High School in Mississauga, Ont., was the winner of the National Investment Strategies Program (PSI) led by JA Canada. The goal of the six-week initiative was to educate students in grades 9-12 on the basics and principles of investing, so that they could make sound financial decisions and ultimately , succeed in work and in life. The mock online contest saw the participation of 2,585 students from 114 classrooms in over 60 schools in central Ontario alone.
As a permanent sponsor of JA Central Ontario, Questrade volunteers organized virtual learning sessions with students to facilitate learning and hands-on activities. Each team, with a unique “company” name, competed to create effective equity portfolios and trade with a simulation of $ 100,000 in real-time markets to develop their skills during the contest. Questrade team Success Inc., led by a single 11th grader, Julian Kokhanovskyy, placed first in the national competition comprised of 2,049 teams with a winning total of $ 502,468.00 in equity.
“In our second year of sponsoring JA Central Ontario’s Investment Strategies Program, we are not only honored to enhance our long-standing partnership with the organization for one of their major financial literacy programs, but delighted that our own team won the program. explained Edward Kholodenko, President and CEO, Questrade. “Because our mission is to help Canadians achieve financial success and security, there is no better investment than in our youth and their future. We pride ourselves on playing an ongoing role in their financial literacy, so young Canadians can make smart investment choices when they’re ready.
In addition to real-life experience and knowledge gained, the winning student received $ 1,000 into a Questrade TFSA account. Questrade presented the prize to the winner in a virtual presentation due to security protocols on December 15.
“Once again, we are grateful to Questrade for their support of this important program,” said Jennifer Holmes Weier, President and CEO, JA Central Ontario. “Together, we challenge students to realize the power and importance of investing, as well as creating the next generation of expert investors. “
About JA Central Ontario
JA Central Ontario’s mission is to inspire and prepare young people to succeed in a changing global economy. It does this by bridging the gap between education and the world of work through expert online programs. With a focus on entrepreneurship, financial literacy and work preparation, JA Central Ontario enables young people to develop their entrepreneurial ideas, hone their professional skills, manage their income and ensure a better life for them. themselves, their families and their communities. JA Central Ontario is accredited by Imagine Canada for its excellence in accountability, transparency and not-for-profit governance. He is a member of JA Canada and part of JA Worldwide, the world’s largest non-profit organization dedicated to educating young people about business. For more information, visit www.jacentralontario.org
Questrade (www.questrade.com) is Canada’s fastest growing online brokerage firm transforming the Canadian financial services industry by leveraging technology to lower fees and providing a viable alternative to traditional financial investment options, enabling thus to Canadians to “keep more of their money”. As a leader and innovator in financial services, Questrade is a trusted ally who advocates for consumers, focused on improving value. Ranked # 1 for online brokers in Canada (MoneySense 2019) and # 1 for investor satisfaction by JD Power (2020), Questrade has been challenging the status quo for over 20 years. With more than $ 18 billion in assets and more than 100,000 accounts opened each year, Questrade and its companies provide financial products and services: securities, currency investments and online wealth management. For more information visit www.questrade.com, or follow @Questrade.
Questrade Wealth Management Inc. (QWM) and Questrade, Inc. are wholly owned subsidiaries of Questrade Financial Group Inc. Questrade, Inc. is a registered securities dealer, a member of the Investment Industry Regulatory Organization of Canada Securities (IIROC) and a member of the Canadian Investor Protection Fund (CIPF), the benefits of which are limited to activities undertaken by Questrade, Inc. QWM is not a member of IIROC or CIPF. Questrade Wealth Management Inc. is a registered portfolio manager, investment fund manager and exempt market dealer. Questwealth Portfolios is a service provided by Questrade Wealth Management Inc. © 2020 Questrade Financial Group Inc.
For more information, visuals or to arrange an interview with Questrade or JA Central Ontario, contact Susan Willemsen of The Siren Group Inc. Tel. : 416-461-1567 or M: 416-402-4880. E-mail: [email protected]. Visit www.thesirengroup.com or @thesirengroup.