Discretionary portfolio management means that SONA Wealth Counsel Inc. is able to make decisions with regards to client investment holdings on a discretionary basis. As a result, we are not required to request permission from clients before making investment management related decisions.
SONA Wealth Counsel Inc. (SONA) is granted registration in the category of Portfolio Manager (PM) without restriction under the provisions of the Securities Act (Ontario) and under MI 11-102 Passport System as a Portfolio Manager in British Columbia and Quebec effective 1 August 2018. SONA has been assigned 61600 as its National Registration Database (NRD) number.
As a discretionary portfolio manager, SONA Wealth Counsel Inc. has a fiduciary duty to act in the best interest of our clients.
A fiduciary relationship entails trust and confidence and requires that the fiduciary acts honestly, in good faith, and strictly in the best interests of the client.
The concept of fiduciary duty is recognized and used by the Canadian courts to impose a duty of loyalty on a person who has been entrusted to look after the best interests of someone else.
Your money is held with our custodian bank, National Bank Correspondent Network (NBIN), a division of National Bank Financial Inc. NBIN is Canada’s leading provider of custody, trade execution and brokerage solutions to independent Portfolio Managers and Investment Dealers. NBIN is backed by the financial strength and ongoing support of National Bank of Canada.