For more than 30 years, NBIN has been a leading provider of custody and brokerage
solutions to independent Portfolio Managers and Investment Dealers. NBIN supports more than 450 firms across
Canada for more than $300 billion in assets under administration.
What is a Custodian?
A custodian is a specialized financial institution (typically, a regulated entity with
granted authority like a bank) that holds customers’ securities for safekeeping to minimize the risk of
their misappropriation, misuse, theft, and/or loss.
A custodian has three primary
responsibilities:
- Safekeeping of Assets: maintaining proper records of ownership
- Trade Processing: tracking, settling, and reconciling securities
- Asset Servicing: calculate and report tax information to federal and provincial governments, prepares
custodial account statements and tax documents
A solid reputation, financial stability, relevant controls to keep your assets
safe:
- NBIN is a qualified custodian who operates under applicable securities laws
- National Bank Independent Network (NBIN) is a division of National Bank Financial Inc. (NBF Inc.), as
well as a trademark owned by National Bank of Canada (NBC) that is used under license by NBF Inc, a
federally regulated Schedule A bank and a public company listed on the Toronto Stock Exchange (TSX: NA).
National Bank has been providing financial services to individuals, corporations and governments since
1859, making it one of Canada’s oldest financial institutions
- NBIN is a member of and regulated by the Investment Industry Regulatory Organization of Canada (IIROC),
the national self-regulatory organization that oversees all investment dealers and trading activity on
debt and equity marketplaces in Canada
- As a member of the Canadian Investor Protection Fund (CIPF), each account held at NBIN is insured up to
$1,000,000
Additional Safeguards to Protect Your Investments:
NBIN provides a statement for any month in which there is activity in your account. If
your account has no monthly activity, at a minimum a quarterly statement will be sent to you, through our
online access. A paper-delivered statement is available for a small fee.
