Segregated
and Arms Length Client Accounts
Clients of Avenue Investment Management
establish an account at an “arms length” custodian, National
Bank Correspondent Network (NBCN). NBCN is part
of the National Bank of Canada Group and a subsidiary of National
Bank Financial.
Each client account is opened as a segregated
account.
(Note: Not
to be confused with segregated funds).
All client accounts are protected under the guidelines of the
Canadian Investor Protection Fund (CIPF).
Advantages of a Segregated Account include:
- All individual securities are held
in the client’s name.
- Increased
portfolio transparency exists due to the disclosure of individual
securities.
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