Virtus Investment Counsel Inc. (VICI) is contracted with Fidelity Clearing Canada to provide the fiduciary services that ensures client assets are held securely and transparently.
At no time will VICI take possession of cash or securities. VICI solely acts as a provider of discretionary investment management and financial planning services, authorized through a signed Investment Management Agreement (IMA). The IMA outlines our duties and and the obligations and authorizations of the client.
As a discretionary asset manager abiding by provincial regulations and the CFA Institute Standards of Practice, VICI has a fiduciary duty to its clients to act honestly, fairly, in good faith and in the best interest of its clients. It is our obligation to exercise the degree of care, diligence and skill that a reasonably prudent manager would exercise in any given situation.
Virtus Investment Counsel Inc. and its employees, officers and directors are required to comply with all laws applicable to our business operations, including provincial securities laws governing the provision of investment advisory services.
We strictly adhere to the policies and procedures set forth in the Virtus Investment Counsel Inc.’s Policies and Procedures Manual (PPM). The objective of this manual is to maintain a current record of relevant regulatory requirements and to ensure that VICI’s policies and procedures are clearly documented and enforced. All policies and procedures are updated on an ongoing basis and as required, the manual is formally reviewed once a year by the Chief Compliance Officer.
