On or around November 1, 2017, National Bank Financial Inc. (NBFI), National Bank Financial
Ltd. (NBFL), National Bank Direct Brokerage Inc. (NBDB) and National Bank Correspondent
Network Inc. (NBCN) will amalgamate to become a single securities brokerage firm under the
legal name of National Bank Financial Inc. (hereinafter, “the Amalgamation”). NBFI, NBFL,
NBDB and NBIN are wholly-owned subsidiaries of National Bank of Canada.
The current activities of NBCN will continue to be carried out under the trade name National Bank Independent Network (NBIN), as a division of National Bank Financial Inc. following the Amalgamation. National Bank Financial Inc. will manage your personal information in accordance with the same practices to which you consented prior to the Amalgamation.
In connection with the Amalgamation, National Bank Financial Inc. will also become the plan administrator or sponsor for all registered plans offered through us and for which Natcan Trust Company acts as trustee.
A copy of each registered plan’s new Declaration of Trust and related documentation listed hereunder are available:
- Registered Retirement Savings Plans (RRSPs)
- Registered Retirement Income Funds (RRIFs)
- Tax-Free Savings Account (TFSAs)
- Registered Education Savings Plans (RESPs)
- Registered Disability Savings Plans (RDSPs)
- Locked-In Registered Plans (LIRAs, LIFs, etc.):
Will any of the above affect you?
Your client relationship with us will remain exactly the same – there will be no changes to your account(s), the services you receive from us, nor the offerings available to you. You will continue to enjoy all of the same rights and benefits.
What do you need to do?
Nothing at all – it will be “business as usual” for you. You will not be charged any additional fees
in connection with the Amalgamation, your registered plan contract number(s) will remain valid
for reference purposes, and your account(s) will continue to be managed in exactly the same
way without any action required on your part.
Thank you for the trust you have placed in us. If you have further questions about any of the above, please contact your investment advisor or your portfolio manager.