AltaFina’s portfolio management services are overseen by PEAK Securities, a full-service independent investment dealer and member of PEAK Financial Group.
Client assets are held with independent custodians and benefit from the regulatory protections applicable within the Canadian financial industry.
More specifically, these custodians are:
- Cash: The Toronto-Dominion Bank for non-registered accounts and The Canada Trust Company for registered accounts.
- Securities: Fidelity Clearing Canada ULC (FCC).
- Investment funds: Please refer to the prospectus of the applicable fund under the “Organization of the Fund” section.
All custodians are Canadian and are based in Toronto, Ontario. With the exception of investment funds, which are administered by their respective fund companies, PEAK ensures that each qualified custodian has established and maintains appropriate controls and oversight to manage the risks associated with safeguarding client assets.
PEAK Securities and Fidelity Clearing Canada ULC (FCC) are both members of the Canadian Investor Protection Fund (CIPF), which provides protection to eligible clients in the event of a member firm’s insolvency, subject to applicable limits.
The Toronto-Dominion Bank and The Canada Trust Company are both members of the Canada Deposit Insurance Corporation (CDIC), which provides deposit protection in the event of a member institution’s failure, subject to applicable coverage limits.
In the unlikely event that PEAK Securities became insolvent, your assets would remain in the custody of Fidelity Clearing Canada ULC (FCC), The Toronto-Dominion Bank, and The Canada Trust Company. PEAK Securities’ creditors would have no claim on your assets.
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