SmartProfitFX vs iA Private Wealth

Account setup and onboarding facts

• The current client relationship disclosure separates advisory accounts, managed accounts, third-party managed accounts, and separately or unified managed account programs.
• Advisory accounts can be commission-based or fee-based; managed-account decisions are made on a discretionary basis by a Portfolio Manager.
• Current non-registered account types include cash, margin, option, short sale, DAP/RAP and high-interest savings accounts, with several types limited to the Investment Dealer.
• Current registered-account material includes RRSP, locked-in plans, TFSA, FHSA, RESP, RDSP, RRIF and individual pension plans.
• The current client relationship disclosure says commission-based advisory accounts pay a commission on every purchase or sale, while fee-based accounts pay an annual flat-dollar fee and/or a percentage of account market value.
• Managed-account and third-party-managed-account fees depend on the applicable agreement and assets under management.
• The published administration and service fee schedule is effective January 2025 and says standard fees may be taxable and can vary by account or program.
• Examples in the January 2025 schedule include $125 per year for RSP/LIRA/spousal RSP and RIF/LIF accounts, $50 per year for a TFSA, and $175 per account for a transfer to another institution.
• Current fees must be checked with the Investment Advisor because negotiated account charges, product costs, commissions, markups, taxes and third-party costs can apply.

Spreads, commissions and fee context

• pricing material was checked in current broker-owned cost, market or service pages available for this review.
• costs should be checked by product, market, order channel, account type and service before trading.
• Any cost examples on this page are treated as date-checked facts from the listed broker-owned pages or documents.
• commission or trading-charge material was checked for the current broker review.
• Exchange, tax, custody, transfer, financing, currency and third-party costs should be checked against iA Private Wealth's current documents.
• Use live official pages for spread, commission and fee checks because trading costs can change without notice.

Platforms, markets and instruments

• iA Private Wealth provides a client portal and mobile app for reviewing portfolios, documents and interactions with an advisor.
• The current access page describes account-viewing and document access; it should not be described as a self-directed forex or CFD trading platform.
• Old MGI directory statements about MetaTrader or forex trading are not supported by the current iA source set and must not be reused.
• The Mutual Fund Dealer product list includes prospectus mutual funds, principal-protected notes, GICs, liquid alternative mutual funds and ETFs.
• The Investment Dealer route supports a broader product set, including fixed-income securities and equities, subject to account, registration and advisor suitability requirements.
• The solutions page presents portfolio management, tax-efficient investing, insurance, retirement, estate and education planning.
• Availability depends on the dealer registration, account type, product, advisor and client circumstances.

Legal route, restrictions and client scope

• iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.
• CIRO says McFarlane Gordon Inc. was founded in 2000 and re-branded as MGI Securities in 2005.
• CIRO says Jovian, and therefore MGI, was acquired by Industrial Alliance Insurance and Financial Services Inc. in October 2013.
• CIRO says MGI Securities was amalgamated with Industrial Alliance Securities Inc. on 1 April 2014.
• CIRO says Industrial Alliance Securities Inc. changed its name to iA Private Wealth Inc. effective 18 January 2021.
• MGI Securities is historical lineage for the current iA Private Wealth dealer, not a separate active account-opening brand.
• The current homepage says iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization.
• The current client account agreement says iA Private Wealth Inc. has Investment Dealer and Mutual Fund Dealer registrations under securities legislation in all Canadian jurisdictions.
• CIRO's current dealer list includes iA Private Wealth Inc.
• The current regulatory framework says iA Private Wealth may open accounts only in countries, provinces and territories where it is registered.
• Historical MGI Securities or Industrial Alliance Securities names do not represent separate current licences.
• The current website describes iA Private Wealth as wealth management tailored for Canadians.
• The regulatory framework limits account opening to jurisdictions where iA Private Wealth is registered.
• The account agreement says moving outside Canada can limit available services and may require an account to be closed.
• Readers outside Canada should not infer eligibility from the historical MGI name or old website.

Funding workflow and risk warnings

• The client relationship disclosure says higher potential performance requires accepting associated risk and that high-return, low-risk investments do not exist.
• The account agreement says margin is a loan that adds risk and must be repaid with interest even if purchased securities decline.
• The account agreement says short selling has unlimited risk and can result in significant losses.
• Model or managed-portfolio returns may differ from actual performance, and past performance is not indicative of future performance.
• The best-execution disclosure says over-the-counter prices can include a markup or markdown, commission and service charges.
• A 2021 CIRO/IIROC settlement decision says iA Private Wealth failed to establish and maintain a reasonably designed supervisory system for the conduct described in that decision.
• The decision describes unsuitable recommendations, high concentration and trading volumes in small issuers, and improper use of margin in the historical underlying activity.
• The decision says iA Private Wealth self-reported, investigated, settled with a number of complainants, revised policies and procedures, and implemented a new compliance structure.
• The accepted settlement imposed a $350,000 fine and $25,000 in costs.
• This is historical regulatory context and should not be generalized into an unsupported statement about every current advisor or account.

• You are eligible for iA Private Wealth's Canadian advisor-led account-opening route.
• You want commission-based or fee-based advice, discretionary managed-account options, registered plans or broader wealth-planning support.
• You have reviewed the applicable Investment Dealer or Mutual Fund Dealer product scope and current account agreement.
• You accept the applicable investment, margin, short-selling, product, fee and advisor-suitability risks.