Disclosures

Click here to read our Relationship Disclosure.

Related issuers

Canadian securities laws require Richardson GMP to provide disclosure to clients in relation to the underwriting, purchase or sale of a security of a related issuer or a connected issuer1 during a distribution. These rules require dealers and Advisors to inform clients of the relevant relationships and connections with the issuers of the securities prior to making a trade or providing investment advice with respect to the security.

Related and connected issuer disclosure will be provided in writing and in the case of a discretionary managed account, written consent from the client will be obtained. Richardson GMP will make the required disclosures in the following manner:
  • when Richardson GMP underwrites securities, the required disclosure will be contained in the prospectus;
  • when Richardson GMP buys or sells securities for a client, the required disclosure will be contained in the confirmation of the trade; and
  • when Richardson GMP advises the client with respect to the purchase or sale of securities of a related or connected issuer, the disclosure will be contained in the confirmation of the trade.

Richardson GMP has a related party which is a reporting issuer: GMP Capital Inc.

Richardson GMP has a connected issuer that is a reporting issuer: Connected Wealth Funds Inc. Connected Wealth Funds Inc. is a mutual fund company. An employee of Richardson GMP is on the Board of Directors of Connected Wealth Funds Inc. and an officer of Richardson GMP is one of the trustees of the trust that owns the common share of this entity. Richardson GMP is also the adviser to mutual funds issued by Connected Wealth Funds Inc. and managed by Redwood Asset Management Inc.

CQI Capital Management L.P. is a related entity to Richardson GMP through common ownership of GMP Capital Inc.

CQI Capital Management L.P. manages, advises, and distributes securities of mutual funds.

1 The test to determine if an issuer and Richardson GMP are related is whether Richardson GMP exercises a controlling influence over the issuer or the issuer exercises a controlling influence over Richardson GMP through the ownership of or control over voting shares. Richardson GMP and an issuer are connected if the relationship between the issuer (or a related issuer to it) and Richardson GMP may lead a reasonable investor to question the independence of the parties in relation to the trade or investment advice. Greater detail about related and connected issuers can be found in National Instrument 33-105 – Underwriting Conflicts.

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Client concerns
If you have any concerns about your account or the services you receive, you may reach out to your Branch Manager or send your complaint directly to our firm’s Designated Complaints Officer, Michael Williams, for review:

 

            Designated Complaints Officer
            Richardson GMP Limited
            Compliance Department
            145 King Street West, Suite 500
            Toronto, Ontario M5H 1J8
            Complaints@RichardsonGMP.com

You can also contact the Compliance Department at 1.866.263.0818.

We will acknowledge receipt in writing to you within five (5) business days of receiving the complaint. This acknowledgement will include the name and contact information of the individual handling your file, as well as the Investment Industry Organization of Canada’s (IIROC) complaint handling brochures. We will then review your complaint and the circumstances surrounding it. In conducting our review, we may contact you if we need more information. We will send you a substantive response letter to your complaint within 90 days of receipt. If more time is required to review your complaint, we will advise you of the reason for the delay and the expected completion date of our review.

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