http://wolverton.ca/wp-content/uploads/cipg.png                                                                      http://wolverton.ca/wp-content/uploads/iiroc.png

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