The transfer of client accounts from Global Securities Corp. to PI
Financial Corp. is now completed
On
March 18, 2016, Global Securities Corporation. (“Global”) entered into a
definitive agreement with PI Financial Corp. (“PI”) whereby PI acquired and
integrated all Global client accounts into its retail brokerage operations. Global's
Board of Directors determined this transaction best served the interests of
both Global and its clients. The transfer of your account(s) from Global to PI
took place on September 24th, 2016.
To sign up for on-line access to your PI account, please visit their
website
About PI Financial
Founded
in 1982, PI is a leading Western Canadian based investment dealer servicing
individual, corporate and institutional investors. PI is 75% employee-owned,
and 25% owned by National Bank Financial, a subsidiary of National Bank of
Canada.
PI has
more than 40,000 clients serviced by over 300 employees in offices in
Vancouver, Victoria, Calgary, Regina, Winnipeg, and Toronto, as well as a
growing network of branch offices in communities throughout Western Canada.
PI
investment advisors offer individual clients a comprehensive selection of
investment products and services. PI is also one of Canada's top investment
banks for small to mid-cap Canadian companies and has expertise in the
resource, technology, life sciences, alternative energy, and consumer discretionary
sectors.
For
more information on PI, we encourage you to visit their website.
What this means for your Global
account
Service
to your account(s) will continue in a smooth and uninterrupted manner following
the transfer of your Global accounts to PI. Your Global investment advisor may
have also joined PI and, if so, will continue to serve your investment needs.
Otherwise, your account will have been assigned to an experienced PI advisor.
On September
24, 2016, we transferred your account(s) from Global to PI, at no cost, and
with no action required by you. Accounts containing no assets (i.e.,
investments or cash) were closed beforehand, with all other accounts
transferred automatically.
There
are several important things you need to know about the transfer of your
account(s) from Global to PI:
á
Global transferred your account information, and documents, so
that PI may continue to service your account(s). Following the transfer, the
operation of your account(s) and use of your personal information will be
subject to PI's Privacy Policy, a copy of which can be found at this link;
á
Following the transfer, your account(s) will be subject to PI's
Fee Schedule and Conflicts of Interest Disclosure, copies of which have been
sent to you;
á
If you have registered plan accounts at Global, you will be
subject to the terms of a new Declarations of Trust, copies of which have been
sent to you; and,
á
PI is required by regulation to ensure your account(s) with PI
is/are updated in due course with appropriate PI account documentation. In that
regard, your investment advisor will be contacting you some time after the
account transfer to obtain updated account documentation. During the period
prior to obtaining PI documents from you, the terms and conditions of your Global
account(s) will continue to be applicable to your account with PI (including
but not limited to the terms and conditions of your Global account
agreement(s), margin agreement(s), and/or guarantee agreement(s)).
PI will
assume Global's obligations under your existing client agreement(s) with Global
and will also assume responsibility for any business from September 24, 2016 onward.
Global will remain responsible for any business prior to September 24, 2016.
If you
have any questions or concerns, please contact your investment advisor.
For any
inquiries please email inquiries@globalsec.com or call 604-689-5400