Within the finance industry in Canada, each province is regulated by its own provincial securities commission. In addition, there are four Self-Regulatory Organizations that operate in Canada, including the Investment Industry Regulatory Organization of Canada (IIROC). IIROC is the national self-regulatory organization that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. The graph below depicts how MacKelvie Frech currently fits within this hierarchy. Aligned Capital Partners Inc. is the dealership and brokerage responsible for ensuring that the operating principal Andrew Frech, of MacKelvie Frech, is compliant with all necessary licensing and member regulations as specified by IIROC.
LicensingThe advisor report can be viewed directly on the IIROC website at: http://www.iiroc.ca/investors/knowyouradvisor/pages/advisorreport.aspx. Simply type the name of the license holder ‘Andrew Frech’ and the report will be available for your review.
Investment CustodianClient assets are held directly with National Bank Correspondent Network (NBCN), a division of NBCN Inc., which is an indirect, wholly owned subsidiary of National Bank of Canada. This third party custodian ensures that all transfers from other financial institutions go directly into each clients respective accounts with National Bank.
National Bank of Canada has been providing financial services to individuals, corporations, and governments since 1859, making it one of Canada's oldest financial institutions. As custodian, NBCN adds another layer of protection in securing your capital. Each client can log onto National Banks website to view their accounts directly, the same as a bank account held with any Canadian Bank.