CRITERIA FOR INCLUSION

The following section of this directory provides profiles of investment counsellors registered with a Provincial Securities Commission in Central or Atlantic Canada and who provide investment services to individuals from offices in these provinces. The criteria for inclusion were developed to ensure that directory participants meet the highest standards of professional care and ethics in their dealings with clients. Firms were invited to participate in this directory if they met the following criteria:

REGISTRATION

Firms must have investment counsel registration with at least one of the Manitoba, Ontario, Nova Scotia, New Brunswick, Prince Edward Island or Newfoundland Securities Commissions.

LOCATION

Firms must have an office in at least one of these provinces and provide service to individual clients from that office.

INDEPENDENCE OF INVESTMENT MANAGEMENT

Firm revenue must be solely from management fees for the continuous management of investment portfolios. No revenue of the firm can be derived either directly or indirectly from commission revenue from brokerage execution or from underwriting.

Brokerage execution on behalf of clients must be placed with a minimum of five brokerage firms with no single firm accounting for more than fifty percent of brokerage charges.

ETHICAL STANDARDS

All firms must agree to support the Code of Ethics and Standards of Practice of the Association of Investment Management and Research (AIMR).

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