Claret does not have physical custody of the funds invested in your account. Your assets are segregated and held by an independent third-party custodian. Typically, these custodians are large Canadian financial institutions that are subject to regulatory oversight and minimum capital requirements. They are also, typically, IIROC members. IIROC membership provides additional self-regulatory oversight, as well as investor account protection through the Canadian Investor Protection Fund (CIPF). At Claret, our main responsibilities and expertise relate to the investment management process.
Claret follows the CFA Code of Ethics & Standards Of Professional Conduct, which represents the highest ethical standard in the financial industry. All but one of our Portfolio Managers are CFA charterholders.
Claret is a registered portfolio manager and investment fund manager with the Autorité des marchés financiers (AMF) of Quebec and the Ontario Securities Commission (OSC). In addition, Claret is a registered portfolio manager with the appropriate securities regulatory authorities in British Columbia, Alberta, Prince Edward Island, Newfoundland and Labrador and Nova Scotia, and an investment adviser with the U.S. Securities and Exchange Commission (SEC).