Collection, Use and Disclosure of Personal Information
The purpose for which Worldsource Financial Management Inc. (“Worldsource”) will
collect, use and disclose your personal information is central to our providing you
with our services. We believe that we cannot continue to provide you with those
services if you object to our collecting, using and disclosing your information for
those purposes. Worldsource will therefore consider that your continuing to maintain
your account with us constitutes your consent to our continuing to collect, use and
disclose your personal information as described above. In future, if Worldsource
identifies a new purpose for collecting, using or disclosing your information, we will
seek your consent before doing so.
The Necessity for Personal Information
Throughout the course of our relationship with you, Worldsource and your advisor
(on our behalf) collect personal information from you. This information typically
includes “know your client” information about your personal circumstances, including
your financial situation and your investment objectives, as well as information about
your investments, banking information and social insurance number.
Worldsource uses such personal information only for the purposes of administering
your account with us (including but not limited to buying and selling mutual funds on
your behalf, and reporting to you), and complying with legal and regulatory
requirements.
Disclosing Personal Information
We may provide information to companies that perform services on our behalf (such
as preparing and mailing statements or processing trades and payments). We may
also provide personal information to mutual fund issuers in which you invest, and
receive information from them about your investments.
Worldsource is a member of several self-regulatory organizations, such as the
Mutual Fund Dealers Association of Canada, who may at times require access to
personal information for regulatory purposes (such as trading surveillance,
regulatory audits, investigation of potential violations, enforcement or disciplinary
proceedings and regulatory reporting). Such organizations may in turn share such
information with other self-regulatory organizations (such as the Ontario Securities
Commission and other provincial regulatory bodies), stock exchanges and law
enforcement agencies.
Worldsource does not disclose your information to any other organizations
to use for their own purposes, and in particular never sells or trades your
personal information.
Administering Personal Information
In representing us, your advisor is acting on our behalf. Many of our advisors are
also licensed to sell other products, and may wish to provide advice and services to
you in that capacity. If they do so, they are not acting on our behalf, and they will
communicate with you themselves with respect to any other use or disclosure of the
personal information they have collected on our behalf.
Quebec Residents
In the Province of Quebec, for the “object” of administering your account and
complying with legal and regulatory requirements, Worldsource creates a file
containing your personal information. Only those employees whose job functions
involve matters related to the “object” of the file will have access to this information.
If you wish to review or make changes to your file, you may do so by making a
written request to 625 Cochrane Dr., Suite 700, Markham, Ontario, L3R 9R9.
Privacy Officer
If you have any comments, inquiries or complaints about our handling of your
personal information, we encourage you to contact your advisor at his/her branch
office. Alternatively, you may contact our Privacy Officer at:
Worldsource Financial Management Inc.
625 Cochrane Dr., Suite 700
Markham, Ontario L3R 9R9
Fax: (905) 415-0184
E-mail: Privacy@worldsourcewealth.com