In our industry, personal information is essential to conduct business with you and for that reason we are committed to protecting the confidentiality of the information you entrust to our care.
This information may include but is not limited to:
a) Basic information such as name, address, phone number, date of birth etc;.
b) Banking information, SIN number, copies of identification including photo identification;
c) Account statements from other firms, including banks, trust companies or fund companies;
d) Pension plan information;
e) Legal documents including wills, trusts and powers of attorney; and
f) Any income tax information;
As your advisor, I may use and disclose this information to:
As your advisor, I will not
As our client, you have the following rights concerning your privacy:
If you wish to withdraw your consent, you may limit or prevent us from providing service or products you desire. If you have any questions or concerns, please contact our office at 1-800-268-2623.
As a Financial Planner, I provide financial planning services through McColl Financial Services Inc., a company which I incorporated in 1998 with my partner, Linda McColl. Linda is a licensed life Insurance agent, mutual fund assistant and registered deposit broker. The licensing arrangements made with individual companies, allow us to provide a complete range of services and products and I wish to provide you with an understanding as to how we are compensated.
In the course of providing these services we have the following relationships:
Insurance Products: As an agent of McColl Financial Services Inc., I am contracted as an insurance broker with BridgeForce Financial Group, Programmed Insurance Brokers Inc. and Edge Benefits. Through these agencies, my insurance license allows me to sell life, disability, critical illness, health insurance and investment products from many companies. If you decide to purchase a product, I will be compensated by sales commission and may receive a renewal or service fee. The contract you purchase is between you and the insurance company, with me acting as agent. I have no beneficial interest in any insurance companies. As a result of any purchase, you are not obligated to transact additional or other business with the insurance company. In some cases, our suppliers and/or our MGA offer us travel allowances for conventions and/or contest rewards based on my sales productivity.
Mutual Funds & Segregated Funds: Mutual fund and segregated fund sales are through Worldsource Financial Management Inc., a Mutual Fund Dealer and member of the Mutual Fund Dealer Association (MFDA). I receive commissions from the sale of funds through this company with a portion of all commissions retained by Worldsource Financial Management Inc., as compensation for their services.
Term Deposits & Banking Products: As an independent broker with Deposit Broker Services Inc., we have access to term deposits and banking products offered by many financial institutions including banks, trust companies and credit unions. Commission for term deposits is paid at the time of purchase whereas banking products pay commission as percentage of account value.
As a Financial Planner at Worldsource Financial Management Inc. I may also facilitate access to specific products/services that I do not offer through referrals and receive compensation in the form of a referral fee.
In the course of any relationship that may develop between us, I will disclose to you the following information:
Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc. Other Products and Services are offered through McColl Financial Services