As ModernAdvisor is not licensed as a broker-dealer, we need a firm licensed to clear trades for our clients and we also need an independent firm to safely hold our clients’ investment accounts.

ModernAdvisor uses both CI Investment Services Inc. and Aviso Financial as our custodians.

CI Investment Services Inc. is a leading Canadian Broker Dealer. Formerly BBS Securities Inc, they are a wholly owned subsidiary of CI Financial Corp. and are registered in all provinces and territories. They are a member of the Canadian Investor Protection Fund (CIPF), and the Investment Industry Regulatory Organization of Canada (IIROC), and registered as an Investment Dealer with all Provincial Securities Commissions

Aviso has more than 25 years of experience as a national financial services firm. Aviso Financial accounts are protected by the Canadian Investor Protection Fund (CIPF), regulated by the Investment Industry Regulatory Organization of Canada (IIROC, and registered as an Investment Dealer with all Provincial Securities Commissions.

If you are an existing client and wondering where your account is held, please see more details in 'How Do I Know If My Account is Held With Credential or CI Investment Services'