Yes, your money and securities are held with a custodian, CI Investment Services, which is a member of the Canadian Investor Protection Fund (CIPF).
What Does CIPF Protection Cover?
CIPF provides limited protection for property held by a member firm on behalf of eligible clients in the event the firm becomes insolvent. This protection is custodial in nature, meaning that CIPF ensures the return of your property, such as securities and cash, held by the custodian, within certain limits.
Please note: CIPF does not provide protection against investment losses or other types of risks unrelated to insolvency. This means CIPF does not cover crypto assets or other non-traditional investments.
Coverage Limits
Each eligible investment account held with a CIPF member, such as CI Investment Services, is insured for up to $1 million CAD.
For more details on CIPF coverage limits, please refer to the official CIPF coverage details.
Disclaimers:
CIPF coverage is limited to insolvency-related events. It is crucial to understand that this protection is custodial in nature and does not cover all types of investment-related risks. Please review CIPF's official documents or reach out to us for more detailed information.
Manzil Invest is a strategic partnership between Manzil and OneVest Management Inc (“OneVest”). OneVest offers wealth management products and services to Manzil customers. OneVest Management Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your OneVest accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). OneVest is a wholly-owned subsidiary of OneVest Technologies Inc. All trademarks are the property of their respective owners. OneVest will determine what investments are suitable for you.