Dual Occupation Disclosure
Niall C. Murphy, (the "Adviser") acts on behalf of Desjardins Financial Security Investments Inc. ("Desjardins Financial") for the purpose of purchasing, redeeming and advisory services in mutual funds in the province of British Columbia. He also engages in other business activities, such as life insurance sales, deposit brokering, financial planning, group benefits, tax preparation and pension consulting, but does so through a separate company or companies. These other activities are not conducted through Desjardins Financial and Desjardins Financial assume no responsibility for any such activity. Other activities not provided through or in connection with Desjardins Financial include:
Financial planning services provided by the Adviser;
The sale of life insurance, segregated funds, group pensions and annuities, accident and sickness insurance and other insurance products by Moneymap Financial Services Ltd. ("Moneymap"). Moneymap is licensed by the Insurance Council of British Columbia as a Life and Accident and Sickness Corporate Agent and the Adviser is the designated nominee for Moneymap. For the sale of insurance products, Moneymap acts as an agent of a number of insurance companies that are authorized to conduct insurance business under the Financial Institutions Act. Those insurance companies, not Moneymap or the Adviser, provide the insurance products to the client. The insurance companies for whom the Adviser and Moneymap may act are unrelated to Desjardins Financial and such insurance companies have different ownership and different regulatory obligations than Desjardins Financial;
Tax return preparation and other tax services are provided by an H&R Block franchise owned by Ladner Tax Services Ltd., a company that is controlled by the Adviser;
Deposit broker services for term deposits and guaranteed investment certificates pursuant to contracts between Moneymap and several financial institutions.
The Advisor and/or Moneymap may be paid a fee or commission that varies depending on the product(s) you decide to purchase. The Advisor will gladly explain to you the basis of any remuneration such parties receive on a particular transaction.