Custody of our client’s assets:

100% of all client assets are held by an independent custodian, TD Waterhouse Institutional Services. This division of TD Bank was established in 1987 and is responsible for the trade execution, clearing and settlement, custody of cash and securities, preparation of confirmations and monthly account statements for all clients of Tulett, Matthews & Associates. TD Waterhouse Institutional Services will only work with fully licensed advisory firms.

Backed by the strength of TD Bank Financial Group, TD Waterhouse Institutional Services Inc is a division of TD Waterhouse Canada Inc., a subsidiary of The Toronto-Dominion Bank. They are a member of the Investment Industry Regulatory Organization of Canada (IIROC), with client assets covered under the Canadian Investor Protection Fund (CIPF).

Portfolio Manager Designation

Don Tulett and Keith Matthews are both registered as representatives (portfolio managers), responsible for the investments of the clients that we each work with. This is their official designation. Care is taken by each of them to understand the investment objectives, personal circumstances and risk tolerance of each client and with this information a suitable portfolio of investments is constructed.

In addition to the firm being licensed & registered with each provincial regulator, each advisor/portfolio manager is also licensed & registered individually with each provincial regulator. Portfolio managers, brokers and financial planners each have their unique qualifications, are compensated differently and are licensed to act in different financial areas (click here for full explanations). Investment counsel and portfolio managers meet the highest conditions of registration with the securities commissions.

Investment Counsel Association of Canada (ICAC)

Our firm is a member in good standing with ICAC. The ICAC is the representative organization for investment counsel and portfolio managers in Canada. Members are comprised of both large and small investment management firms managing Canadians’ pensions and retirement savings.  ICAC was established in 1952 and its current members are responsible for managing in excess of $700 billion of client assets. Member firms are only in the business of managing investments for clients in keeping with each client’s needs, objectives and risk. The Association supports its members in providing on-going information and education on industry best practices, education and a variety of compliance and regulatory services.
Full list of ICAC members.  

Our External Auditors:

Provincial security regulators require an annual external audit of registered companies so as to ensure amongst other things, that there is an adequate system of internal controls and financial reporting. BDO Dunwoody LLP has been our external auditors since 1995.

Our Legal Advisors:

To ensure that we meet all the regulatory requirements of the industry and the security regulators, we have engaged the services of one of the premier law firms in Canada. Our legal advisors since 1995 have been a team of lawyers at Ogilvy Renault LLP.