OneVest partners with a custodian institution, CI Investment Services, which is a member of the Investment Industry Regulatory Organization of Canada - better known as IIROC. This means that your investments with OneVest are covered protected under the Canadian Investor Protection Fund (CIPF) up to the limits and in the circumstances specified by its coverage policy.
What if OneVest goes out of business?
In the unlikely event that OneVest went out of business, your funds will continue to be held in your name with CI Investment Services.
What about the CDIC?
If you have a savings account with your bank, you may be familiar with the Canadian Deposit Insurance Corporation (CDIC), which applies to deposits held with commercial and retail banks.
Investments held with OneVest are not covered under the CIDC.