Terms & Conditions
Logan Wealth Management Inc. is a portfolio management firm registered with the Ontario Securities Commission.
Any content on this web site is provided for informational purposes. The content is not intended to provide financial, accounting, tax, or legal advice and should not be relied upon as such.
The content on this web site is believed to be accurate. However, Logan Wealth Management Inc. does not guarantee the accuracy or completeness of the content.
Consult with a financial advisor before making any investment decisions.
Organizations in Canada which collect, use or disclose “personal information” in the course of “commercial activity” must comply with Part 1 and Schedule 1 of the federal Personal Information Protection and Electronic Documents Act (“PIPEDA”).
Accountability: The CCO is designated as the firm’s Privacy Officer. The Privacy Officer is responsible for ensuring compliance with PIPEDA throughout the firm.
Purpose: Information collected from clients when new accounts are opened is restricted to that which is required by our regulators and as well as is required in order to provide the services requested by our clients.
Consent: The knowledge and informed consent of the client providing the information must be obtained except where exempted by law.
Limited Collection: The collection of personal information is limited to that which is necessary for the purposes identified to the client by the organization. The information is obtained by fair and lawful means only.
The Use, Disclosure and Retention is limited: Personal information may not be used or disclosed for purposes other than those for which it was collected, except with the informed consent of the individual or as required by law. Personal information will be retained only as long as necessary to fulfill these purposes or as long as required by our regulators.
Accuracy: Personal information must be as accurate, complete and up-to-date as is necessary for the purposes for which it is to be used.
Security: The personal information we collect is to be retained centrally in our client account files. Access to the area is restricted to employees of the firm.
Transparency and Awareness: LWM will make its policies and practices regarding the collection, handling and retention of personal information available upon request.
Individual Access: Upon request, an individual will be advised of the existence, use and disclosure of his or her personal information. They will also be given access to the information provided to LWM. An individual may also challenge the accuracy or completeness and provide amendments if the case of errors.
Recourse: An individual may address a challenge concerning compliance with the above principles to the firm’s privacy officer by contacting us by verbal or written communication.
Employee Responsibilities: All information relating to LWM’s clients will be maintained in confidence by all employees. Clearly, this information will not be disclosed to outside parties or used for the benefit of LWM.
Code of Ethics
As a matter of corporate policy, the principals and employees of LWM fully adhere to the Code of Ethics and Standards of Practice of the CFA Institute, and the Functions and Principles of the Portfolio Management Association of Canada.
All complaints concerning ethics should be communicated to LWM’s compliance officer.
1. LWM Employee Use of Material Undisclosed Information
LWM employees are prohibited from trading on the basis of undisclosed material information, and they must sign annually a statement confirming that they will not do so and have not done so. Trading on the basis of undisclosed material information will result in instant dismissal.
2. Trading for Own Account
No LWM officer or employee will buy or sell positions in their own account until all existing client accounts have had positions in those securities filled or reduced as appropriate.
3. Use of Brokerage Commissions
LWM recognizes and respects that commissions generated from trades are founded from our clients’ assets.
LWM’s policy is that commissions on securities’ transactions will be used only for the benefit of clients. LWM will only enter into soft dollar arrangements where a benefit to all clients can be established.
4. Referral Fees and Disclosures of Additional Compensation
LWM’s policy is not to pay any referral fees for a new account that has not previously been disclosed to the client. LWM does not receive any compensation for its activities as PM other than the fees paid by clients.
5. Personal Trading Policy
LWM has policies and procedures governing personal trading. Trades by all employees must be pre-approved in writing by the CCO. Each year employees must certify that they understand LWM personal trading policy and they have complied with it and will do so in the future.
When managing a Client’s portfolio, LWM will only be paid a quarterly fee that is calculated and based on a percentage of the assets LWM manages for the Client. All management fees paid by a Client will be disclosed to the Client on the Client’s quarterly statement.
Best Execution and Use of Client Brokerage Commissions Policy
When placing orders for or on behalf of its clients, LWM will select those brokers/dealers from whom they reasonably expect to obtain best execution (including considering transaction costs and research). LWM may cause a client to pay brokerage commissions to a dealer in return for receiving certain goods or services. The use of client brokerage commissions in this manner creates a perceived conflict of interest to the extent that LWM may use soft dollars for services that benefit LWM, but not necessarily the client that pays the commission. LWM comply with applicable regulatory requirements regarding the use of client brokerage commissions, which are designed to ensure that our clients receive reasonable benefit from such transactions, taking into consideration the goods and services received and the amount of brokerage commission paid.