WDS is permitted to act with discretionary investment authority for our clients’ accounts. It does not perform any type of brokerage function. Nor does WDS maintain custody of any funds, securities or other property for its clients.
Committed to independent firms for more than 25 years, National Bank Independent Network is one of Canada’s leading providers of custodial, trading, clearing, settlement and record keeping services to independent registered portfolio managers, introducing brokers and investment fund managers. National Bank Independent Network proudly serves over 400 firms from coast to coast and is backed by the strength of National Bank of Canada (NBC). National Bank Independent Network is a division of National Bank Financial Inc. (NBF Inc.), which is an indirect, wholly owned subsidiary of NBC, a public company listed on Canadian stock exchanges (TSX: NA). National Bank Independent Network is also a registered trademark of NBC used under license by NBF Inc. NBF Inc. is a member of the Canadian Investor Protection Fund (CIPF) as well as the Investment Industry Regulatory Organization of Canada (IIROC), which is the national self-regulatory organization that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
WDS uses National Bank Independent Network (NBIN) for brokerage and other financial resources, and so it acts as the custodian of clients’ assets. All separated managed accounts are held in client name at NBIN. NBIN provides trade execution, clearing and settlement, custody of cash and securities, and preparation of confirmations, tax documents and account statements.
As part of the NBIN service, clients have Canadian Investor Protection Fund (CIPF) loss coverage. Read more about eligibility and the limits of the coverage in Here’s One Aspect of Investing You Don’t Have To Worry About. Account value is not covered by Canada Deposit Insurance Corporation or any other government deposit insurer.
NBIN My Portfolio+ offers secure online access to account information anytime and anywhere. You may go paperless with trade confirmations, statements and tax slips.
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