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The IAIC and the Custodian Relationship


Independent Accountants' Investment Counsel uses the services of third party investment custodians to maintain the custody of our clients' assets.


All of our clients have their own account(s) with the investment custodian, meaning their assets are always held in their own name.


IAIC clients have the option to choose between National Bank Independent Network (www.nbin.ca) or Fidelity Clearing Canada ULC (www.clearingcanada.fidelity.com).


National Bank Independent Network and Fidelity Clearing Canada ULC are both CIPF members.













Committed to independent firms for more than 25 years, National Bank Independent Network is one of Canada’s leading providers of custodial, trading, clearing, settlement and record keeping services to independent registered portfolio managers, introducing brokers and investment fund managers.   National Bank Independent Network proudly serves over 400 firms from coast to coast and  is backed by the strength of National Bank of Canada (NBC).  National Bank Independent Network is a division of National Bank Financial Inc. (NBF Inc.), which is an indirect, wholly owned subsidiary of NBC, a public company listed on Canadian stock exchanges (TSX: NA). National Bank Independent Network is also a registered trademark of NBC used under license by NBF Inc.. NBF Inc. is a member of the Canadian Investor Protection Fund (CIPF) as well as the Investment Industry Regulatory Organization of Canada (IIROC), which is the national self-regulatory organization that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.




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Fidelity Clearing Canada provides execution, clearing, custody and back-office support services to Canadian registered brokerage firms and portfolio managers. Canadian clearing and custody services provided by Fidelity Clearing Canada ULC.
Fidelity Clearing Canada ULC is an indirect, wholly-owned subsidiary of 483A Bay Street Holdings LP, which is a joint venture between FIL Limited and Fidelity Canada Investors LLC. Certain owners of Fidelity Canada Investors LLC are also employees of FMR LLC. Fidelity Clearing Canada is a registered trademark of Fidelity Investments Canada.
National Financial provides correspondent clearing services through National Financial Services LLC in the U.S. and Fidelity Clearing Canada ULC in Canada.
Member-Canadian Investor Protection Fund.




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