Experienced Investment
Advisors Overview
experience. driven.
On behalf of the Executive and Management of PI Financial Corp. (PI),
I would like to thank you for considering our firm for your Investment Advisory
business.
Read on and you will realize the opportunity to be part of a leading mid-tier firm
in Canada. At PI, our profitability and capital provide the strength needed for
us to emerge as the next leading independent firm in the country. PI’s recent
expansion into the Toronto market in our newly renovated Scotia Plaza office,
has set the stage for our continued growth across Canada.
At PI, our success and your success are fully aligned. Our platform,
compensation, and equity ownership opportunity enables Investment Advisors
and Portfolio Managers to build real wealth and participate in the firm’s
profitability.
As opportunities present themselves, we will continue to recruit select IAs
with an attractive transition program including an equity ownership opportunity.
Unlike many of our competitors’ shares, PI shares have provided healthy
distributions and liquidity for our shareholders.
As you look through the next several pages of our overview, I encourage you to
consider just a few of the many advantages our firm has to offer you:
+ Equity ownership in the firm
+ Competitive compensation
+Independence
+ Entrepreneurial culture
+ Experienced Management and Executive team
+ Attractive downtown premises in Vancouver, Toronto, Calgary & Victoria
For more information regarding opportunities at PI Financial Corp. please feel
free to contact me directly.
02
Don Cromar, CIM, FCSI
Senior Vice President
Head of Private Client Services
Direct: (604) 718-7511
Toll Free: 1-800-810-7022
[email protected]
www.pifinancialcorp.com
Performance. Intelligence.
PI Financial Corp. has been profitable every year since the firm’s inception in
1982. Our founders, Max Meier, Chairman & CEO, and John T. Eymann, ViceChairman, have led the firm to its current capital position of over $33 million (as
at June 30, 2011).
National Bank Financial (NBF) provides us with additional support through its
25% ownership position. Our Investment Advisors control over 45% of the firm,
with the 30% remainder in the hands of management and other employees.
As an IIROC member firm, we are a member of the Canadian Investor
Protection Fund (CIPF) providing your clients with the same protection afforded
all clients of member firms in the highly unlikely event of insolvency.
Our sound corporate governance has provided the leadership and necessary
oversight which have led to year after year of excellent regulatory audits.
We have built a stable firm with consistent profitability. Our strong capital
position has provided peace of mind for our clients; the stability needed for
issuers and our Investment Advisors; and excellent returns for our shareholders.
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www.pifinancialcorp.com
We Provide the Full
Range of Products and
Services
+ Access to equities, options, and
Exchange Traded Funds
+ Model portfolios, mutual funds,
hedge funds, and structured
products
+ Investment Banking support for
both brokered and non-brokered
Competitive Compensation
At PI, you can be assured of a stable environment with the freedom to do your
type of business. There is no pressure to sell proprietary products and, best of all,
our compensation ensures that you keep a fair share of the revenue you generate.
financings
+ Fixed-Income offerings (including
GICs) from most major dealers
+ We are a Bank of Canada auction
participant enabling direct
Our flexible and non-bureaucratic work environment is also reflected in our approach
participation in new government
to fees and commissions. Unlike many of our competitors, our Investment Advisors
fixed-income issues
and Portfolio Managers are compensated on a flat payout basis.
We don’t pay you less for pricing your business competitively. Our IAs and
PMs pay a nominal ticket charge on each transaction. Our low minimum
commissions and no fee RRSP accounts (in excess of $100k) provide a
competitive and low-cost environment for your valued clients.
+ Insurance & Segregated Funds
through our wholly-owned
insurance subsidiary, PI Financial
Services Corp.
+ Access to a wide variety of third
party fundamental and technical
The firm has prided itself on its competitive compensation with attractive
research as well as our own
payouts and a flexible structure. For IAs producing in excess of $20,000 in
internal Research Department
revenue on a monthly basis, we increase the payout to provide funds for
additional support. For producers in excess of $1 million in annual revenue,
we increase the payout further and additional funds for equity ownership are
bonused at the $1.4 million level.
+ New issues from National Bank
Financial, Penson, as well as PI’s
own syndicated deals.
+ Client web access
Our payouts for top producers are very competitive and for mid-level
producers, we are one of the highest on the street.
+ Full IA remote capability
+ RRSPs, RRIFs, TFSAs, and
We encourage our IAs to take an equity position in the firm. Our shareholder
bonuses provide an attractive yield on investment, and as we grow further, PI
shares will become increasingly valuable.
Giving you the freedom and flexibility to be compensated competitively,
04
Individual Pension Plans IPPs.
+ Fee-based and traditional
commission based accounts
+ Discretionary Advisor Managed
manage some of your costs and control your business is just one of the many
Platform for accredited Portfolio
benefits we offer.
Managers
Extensive Research
We recognize that having the research tools at your fingertips that you need to
New Issues and
Investment Banking
support your decision making and to keep you and your clients informed and
To diversify your revenue stream and
up to date is critical to your success.
provide your clients with access to
new issues, PI is pleased to provide
Our research is second to none with access to PI’s in-house Research
access to:
Department covering Metals & Minerals, Oil & Gas, Special Situations,
+ A complete range of new issues
Transportation, Consumer Products, and Technology.
from small capitalization through
to large cap companies
Externally, we receive research from our partners at National Bank Financial
enabling access to Credit Suisse First Boston. In addition, we provide the
Gartman Letter daily as well as a bi-weekly technical call with Donald Dony of
Donald Dony & Associates.
+ PI lead, co-lead, and syndicate
member deals
+ National equity issues via NBF
and Penson
With one of the top Mining Analysts in Canada, and our experienced Oil & Gas
team in Calgary, we are well positioned in these vital sectors to support you,
+ National debt issues via NBF
your Private Clients, and reporting issuers.
+ Federal Government debt issues
through Bank of Canada auctions
Internally, our Portfolio Strategy Committee oversees management of our
internal ETF model portfolios and growth models utilizing our Research
Department’s Quarterly Top Picks. Our Top Picks have significantly
outperformed both the TSX and TSX Venture indexes since we started tracking
returns in 2003.
+ In-house Corporate Finance
and analytical support for both
brokered and non-brokered
financings
Clients are able to access our internal research through our web site as well as
in hard copy. Co-branded copies of NBF research are also available. Through
our intranet, IAs can access both internal research and the wide array of third
party research that we provide.
05
Experienced and
Reliable Infrastructure
Our experienced Operations Team
provides an efficient and professional
back office for our IAs and clients.
Your onboarding experience will
be seamless for both you and your
team, as well as your clients.
Our front office includes:
+ Broadridge Portfolio System
Our Management Team understands
your needs and will treat you as a
valued client. With direct access
to Senior Management, you have a
voice and the opportunity for timely
decision making.
As many of our Senior Management
team also run books of business,
we are in touch with the investing
with a fully integrated Order
public and understand the issues of
Management System
the day. Combined with our open
+ Thomson One quote system
door policy, this understanding has
+ Intranet and internet site with
Advisors, but to successfully recruit
timely information and updates
+ Access to dynamic IA websites
offered by Advisor Websites
+ Full remote access capability
In addition, our real time client
account access provides you and
your clients with instant online
access to account information.
06
Experienced Local
Management
enabled us to not only retain our
top talent.
Our leadership team is involved in
the industry with representation
on various IIROC councils and
Investment Industry Association of
Canada (IIAC) committees. Our voice
ensures we are representing the
interests of our clients, our Advisors,
and other member firms.
www.pifinancialcorp.com
Proven. Insight.
There is no substitute for the experience that comes from 30 years of success
in the financial services industry. Our profitability and capital growth provide
the financial strength to protect the assets of our private clients and to serve
our corporate clients’ financing needs.
PI stands for a commitment to clients and to our Investment Advisors that is
Professional, Personal, dedicated to Performance, and Passionate. We are a
company of Integrity – of Inspired people with Insight and great Instincts.
Contact us today to find out about how you can become a member of Canada’s
next leading independent investment dealer.
For more information regarding our firm, please visit our website at
www.pifinancialcorp.com and contact me directly.
Don Cromar, CIM, FCSI
Senior Vice President
Head of Private Client Services
Direct: (604) 718-7511
Toll Free: 1-800-810-7022
[email protected]
07
Vancouver
Victoria 1900 – 666 Burrard Street
Vancouver, BC Canada
V6C 3N1
620 – 880 Douglas Street
Victoria, BC Canada
V8W 2B7
Toll Free 800 810 7022
Phone
604 664 2900
Fax
604 664 2666
Toll Free 877 405 2900
Phone
250 405 2900
Fax
250 405 2911
Toronto
Winnipeg
3401 – 40 King Street W
Toronto, ON Canada
M5H 3Y2
1520 – 360 Main Street
Winnipeg, MB Canada
R3C 3Z3
Toll Free 877 983 9040
Phone
416 883 9040
Fax
647 789 2401
Toll Free 800 847 9985
Phone204.987.7220
Fax204.982.7957
Calgary
Regina
1560 – 300 5th Avenue SW
Calgary, AB Canada
T2P 3C4
102 – 2022 Cornwall Street
Regina, SK Canada
S4P 2K5
Toll Free 866 543 2911
Phone
403 543 2900
Fax
403 543 2800
Toll Free 877 525 7650
Phone306.525.7650
Fax306.525.7669
Proven. Insight.
Professional. Integrity.
www.pifinancialcorp.com
Members: All major Canadian Stock Exchanges, Investment Industry Regulatory Organization of Canada, Canadian
Investor Protection Fund.