Updates to Our Relationship Disclosure (RDI) Document – Here’s What Changed (and What Didn’t)

We’ve updated your Relationship Disclosure Information (RDI) document; this is the one that outlines how we work with you, what we’re responsible for, how we get paid, and what you can expect from us.

There’s no action needed on your end, but transparency is a core part of how we operate.
Below is a plain-English summary of what’s new in the 2025 version.

What’s New (and Why It Matters):

New Section: Cybersecurity Measures

• We’ve added a whole section explaining the steps we take to protect your data. It covers everything from encryption and intrusion detection to secure video calls and proper use of AI tools like Zoom Companion.
• We also outline what we will (and won’t) do over email, text, or phone, so you can better spot suspicious messages.
• We’ve also outlined what our clients’ responsibilities are in protecting themselves and their privacy.

Bottom line: We’re not just protecting your money; we’re protecting your information.

Expanded Description of the Verecan Group of Companies

• We’ve clarified how we’re structured and how our affiliated companies operate:
  Verecan Wealth Inc. – tax and insurance services
• Verecan Mortgage Services Inc. – mortgage access through Concierge Mortgage Group Inc.

Bottom line: If we believe these services could be relevant to you, we may suggest you talk to the teams at those companies. You’re under no obligation to use them, and we will never share your personal information without your explicit consent.

IIROC is Now CIRO

• The Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) have merged to form a single self-regulatory organization, the Canadian Investment Regulatory Organization (CIRO).
• Verecan Capital Management Inc. is not regulated by CIRO; however, our custodian is. This means that your accounts continue to be held safely with our custodian under the same regulatory protections as before, just with a new name.

Bottom line: This change does not affect our regulatory status or how we manage your investments, but we wanted to ensure you are aware of the industry update.

Province-by-Province Registration

• Instead of just saying “we’re registered in multiple provinces,” we now list them. We’re licensed in nine provinces, with the Nova Scotia Securities Commission as our principal regulator.

New Guidance: In the Event of Death or Disability

• We’ve outlined what happens if a client passes away, becomes disabled, or is declared legally incompetent:
• No new transactions will occur unless necessary to protect the portfolio (for example, moving investments into cash).
• Activity will only resume once we’ve reviewed and accepted the proper legal documentation, such as an executor appointment or power of attorney.

What Hasn’t Changed:
• We still don’t sell products.
• We still don’t earn commissions or referral fees.
• We still work only for you, not for banks, fund companies, or shareholders.

You can find the updated document below.
Have questions? Want to talk through it? We’re always here.