PWL Capital is structured to protect all your assets which are held in accounts in your name by our carrying broker, National Bank Correspondent Network. When you deposit money to your accounts, the cheque is made out of NBCN, never PWL. Any movements of funds or securities in or out of your accounts can only be executed with your written authorization. The monthly account statements that you receive for each one of your accounts is mailed directly from the Toronto offices of National Bank Correspondent Network, without our intervention, ensuring an unbiased and audited valuation of your holdings.
PWL Capital and our Investment Advisors are registered and regulated by the Investment Industry Regulatory Organization of Canada (IIROC). By virtue of our registration with IIROC, we are also subject to the oversight of the provincial regulatory bodies (e.g.: Autorité des Marchés Financiers (AMF) in Quebec or the Ontario Securities Commission (OSC) in Ontario.)
As a member of IIROC, we must comply with the rules and procedures governing the capital markets securities industry transactions and portfolio managers. Our firm must also undergo two annual inspections conducted by this self-regulatory organization.
Our Chief Compliance Officer is responsible to ensure that each transaction is verified. In addition, she conducts a full audit of the accounts under our management on a quarterly basis. The results of this audit are entered in a ledger available at all times for inspection by IIROC.
Canadian Investor Protection Fund (CIPF) was created by the investment industry to ensure that client assets are protected – within defined limits. Assets include cash, securities and certain other property. Investment dealer insolvency doesn’t happen very often, but if it does, the Canadian Investor Protection Fund (CIPF) is here to ensure your cash and securities are returned to you, within defined limits.
PWL’s chartered accountants, Richter, conduct an annual financial audit and review our financial results and controls. The results of their work are reported to the shareholders of PWL and industry regulators.
Meet the Advisors