Our commitment to safeguarding your wealth

We rely on corporate governance best practices and adhere to the stringent rules and regulations set by our regulatory bodies. We only invite the most experienced and knowledgeable advisors to join our firm, with each committing to a thorough people, process, and performance review.

Richardson Wealth is a member of the Canadian Investment Regulatory Organization (CIRO), which sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

Richardson Wealth is also a member of the Canadian Investor Protection Fund (CIPF). CIPF was created by the investment industry so that your assets, within defined limits (including cash, securities and certain other property), are protected in the case of a Member firm insolvency.

To further enhance the safety of your assets, Richardson Wealth has purchased additional securities protection, with certain underwriters at Lloyd’s of London, to complement the existing insurance provided through CIPF. That means that, as one of our clients, your combined general and combined retirement accounts each have coverage up to $2 million. This extra coverage* is yet one more indication of how committed we are to enhancing the safety of your assets.

* Subject to an aggregate policy limit of $30 million.

We continually improve our security safeguards so we can always stay one step ahead of cyber threats.

We protect our systems from data compromise in several ways including next generation firewalls that inspect data to ensure it is what it claims to be and is classified correctly, and advanced endpoint security including malware protection that is updated in real time, multiple times a day. Our structured patch cycle ensures our server and workstations are patched well ahead of known outbreaks to ensure we stay ahead of vulnerabilities. We also have separate corporate and guest Wi-Fi to protect our corporate network from unknown access.

We collect analytics from our key systems to ensure that anomalies in the system are tracked and our information technology experts can review and action any issues.

Only appropriate individuals can access sensitive data on a ‘need to know’ basis. Our applications are built using a centralized authentication method that allows us to simplify security and have enhanced logging. We encrypt all mobile computers to ensure data on lost or stolen devices is protected, and our employees use a single sign on solution allowing us to leverage a strong password policy.

We hire external ethical hackers to test the strength of our applications and infrastructure and help us identify any infrastructure changes which can reduce risk and increase our systems strength. We follow industry standards to ensure our internally developed software is secure. Our production data is securely housed in a data centre staffed 24/7 with security and video surveillance and biometric physical access. We regularly conduct third-party physical security audits and employ automated patch management.

Our employees follow a corporate code of conduct and business ethics that ensures the importance of cyber security. We also use incident response plans to promptly notify impacted parties and ensure support of critical business functions through a third-party facility.