Your Money, Your Protection
We have aligned with several institutions to protect your money and the investments entrusted to us.
- Your money is held and safeguarded by National Bank Independent Network (NBIN): it is the custodian of your money managed by Rothenberg Wealth Management. RWM simply acts as a provider of wealth management services to clients. This means that Rothenberg Wealth Management does not hold or have access to your money.
- Your account with RWM is opened in your name with NBIN. RWM simply manages your account and effects trades in your account with your authorization.
- NBIN provides quarterly or monthly statements, produces the required annual tax forms and trading and investment income summaries. The documents are provided to you either by mail or electronically.
- You may choose to have online access to your accounts and documents at any time through a secure online portal for RWM clients, a service provided through NBIN.
National Bank Independent Network (NBIN) is one of Canada’s leading providers of custodial, trading, clearing, settlement and recording keeping services to independent registered portfolio managers and introducing brokers. It is a qualified custodian that operates under applicable securities laws an provides services to over 400 independent firms from coast to coast. NBIN is a fully owned subsidiary of National Bank of Canada (NBC).
CIPF’s mandate is to provide protection to customers of Canadian Investment Regulatory Organization (CIRO) Members who have suffered or may suffer financial losses as a result of the insolvency of CIRO Member. It does not protect investors from market fluctuations on individual securities. For more specific details on this coverage, please visit CIPF or request a brochure from one of our offices.
The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
Additional Safeguards to Protect Your Money
Quebec has an additional regulatory body called the Autorité des Marchés Financiers (AMF) of which we are members. This body regulates Quebec’s financial markets and services, including those provided by RWM.
In addition to being regularly audited by CIRO, independent accounting firm Richter conducts annual audits of RWM.
Rothenberg Wealth Management (RWM) recognizes that our clients rely on our systems and services, and we protect the investments entrusted to us in several ways. RWM has developed a Business Continuity Plan (BCP) that will allow key operations to be re-established should a significant business disruption occur at our offices. The Business Continuity Plan (BCP) is based on a worst-case scenario, thus eliminating the postulation of lesser case disruptions.