The Transfer to PI Financial is Complete

On March 18, 2016, Wolverton Securities Ltd. (“Wolverton”) entered into a definitive agreement with PI Financial Corp. (“PI”) whereby PI acquired and integrated all Wolverton client accounts into its retail brokerage operations. Wolverton’s Board of Directors determined this transaction best served the interests of both Wolverton and its clients. The transfer of your account(s) from Wolverton to PI took place on June 19, 2016.

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 Wolverton account

Service to your account(s) will continue in a smooth and uninterrupted manner following the transfer of your Wolverton accounts to PI. Your Wolverton 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 June 19, 2016, we transfered your account(s) from Wolverton 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 Wolverton to PI:

  • Wolverton 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 at this link;
  • 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;
  • If you have registered plan accounts at Wolverton, you will be subject to the terms of a new Declarations of Trust, copies of which have been sent to you; and,
  • 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 Wolverton account(s) will continue to be applicable to your account with PI (including but not limited to the terms and conditions of your Wolverton account agreement(s), margin agreement(s), and/or guarantee agreement(s)).

PI will assume Wolverton’s obligations under your existing client agreement(s) with Wolverton and will also assume responsibility for any business from June 19, 2016 onward. Wolverton will remain responsible for any business prior to June 19, 2016.

If you have any questions or concerns, please contact your investment advisor.

Location and contact information

Here is a listing of the new PI office locations and contact information.

PI Vancouver (Head Office)
1900-666 Burrard Street
Vancouver, BC V6C 3N1
Tel: 604 664-2900
Fax: 604 664-2666
PI Victoria
620-880 Douglas Street
Victoria BC V8W 2B7
Tel: 250 405-2900
Fax: 250 405-2911
PI Calgary
1560-300 5th Avenue SW
Calgary, AB T2P 3C4
Tel: 403 543-2900
Fax: 403 543-2800
PI Kelowna
907-1708 Dolphin Avenue
Kelowna, BC V1Y 9S4
Tel: 250 763-2008
Fax: 250 979-7260
PI Victoria
620-880 Douglas Street
Victoria, BC V8W 2B7
Tel: 250 405-2900
Fax: 250 405-2911
PI Prince George
1560 3rd Avenue
Prince George, BC V2L 3G4
Tel: 250 562-7255
Fax: 250 562-1022
PI Edmonton
3400-10180 101 Street
Edmonton, AB T5J 3S4
Tel: 780 413-3344
Fax: 780 413-1946