Bardya Ziaian is a Toronto-based entrepreneur with a observe file of founding profitable firms and creating jobs within the fields of fintech, brokerage providers, and monetary programs. At the moment, Bardya Ziaian is the CEO and president of SITTU Group Inc., a assume tank that works to create alternatives conscious of evolving financial environments.
Q: Thanks for becoming a member of us at the moment Bardya. Are you able to inform us a bit about how you bought your begin as an entrepreneur?
BARDYA ZIAIAN: Certain, thanks for having me. I grew up as a math child, simply studying proofs and equations and discovering definitive solutions for issues. I obtained a Bachelors after which a Masters in Arithmetic, each from York right here in Toronto. And the primary job I obtained out of College was designing software program engines for buying and selling equities. I grew to become conversant in the intricacies of buying and selling and how you can discover success, and inside a couple of years, I used to be working for a hedge fund managing multi-strategy books. I took that have and based an organization known as Digital Brokers, with the objective of lowering commissions to nearly zero. We had loads of success with that brokerage, being named the #1 low cost dealer by the Globe and Mail a number of occasions.
Q: So from a math child to the founding father of a profitable brokerage. Acquired it! What occurred with Digital Brokers?
BARDYA ZIAIAN: We accepted an unbelievable supply from CI Monetary in 2017. That gave us the means to type our present enterprise, Sittu Group, which is a assume tank designed to seek the advice of with firms and put money into early-stage enterprise concepts. The thought is to construct distinctive groups and work collectively to problem-solve round enterprise options. Our title, “Sittu”, is a Chinese language time period referring to ‘pondering whereas transferring ahead’. We have now a philosophy that each enterprise is able to fulfilling the potential and imaginative and prescient of the individuals who construct it, and we need to maximize that potential and foster the agility to anticipate a dynamic market.
Q: What would you say are crucial qualities in a profitable entrepreneur?
BARDYA ZIAIAN: I feel it’s extra of a mindset to be keen to take calculated dangers. To place confidence in the work that you simply’ve performed, the homework and the due diligence, and to be keen to take the prospect and check out one thing new. You need to be keen to put money into your self, as a result of in the long run, you’re all you’ve obtained, proper? You need to take the benefits which are accessible to you. There’s a terrific Benjamin Graham quote that I take advantage of, which says that “an individual who is simply too fearful will find yourself performing defensively and fail to grab offensive benefits.” You need to conquer the concern, place confidence in your self and belief the imaginative and prescient.
Q: What are some challenges you foresee coming throughout the monetary business?
BARDYA ZIAIAN: For me, I’ve labored with fintech functions for a lot of years, and I’m hyper-aware of their potential to utterly change the business. We’re nonetheless nowhere close to the place we’ll finally be, so far as on a regular basis folks accessing all of those instruments that have been previously solely accessible to probably the most high-qualified advisors. It’s going to confuse lots of people, shake up loads of relationships and enterprise fashions. However I feel that very quickly, the state of affairs will shake out in a method that makes everybody notice the significance of getting a real funding advisor. Investing can by no means be only a interest – it’s a career. Simply because the instruments are democratized doesn’t imply the practitioners is not going to have large variations of their capabilities of utilizing them. So we’re going to see loads of waves with AI, with fintech functions, however we’ll need to journey them out and proceed to seek out the very best options.
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