Business Activity Disclosure

As a Carte Wealth Management Inc. Representative, I am engaged in various business activities including being a registered Mutual Funds Salesperson, a Licensed Life Insurance Advisor, a Director/Owner, a Mortgage Broker, a Business Consultant, a Volunteer and President and represent separate companies for each purpose. As such, you may be dealing with more than one company depending on the products purchased, or services rendered. Remuneration also varies with the products purchased, or services rendered. I will be representing Carte Wealth Management Inc. for the sale of mutual fund products and will provide you with the name of the entities that I represent while conducting business as a Director/Owner, a Licensed Life Insurance Advisor, a Mortgage Broker, a Business Consultant, a Volunteer and President. The business activities relating to my position as a Director/Owner, a Licensed Life Insurance Advisor, a Mortgage Broker, a Business Consultant, a Volunteer and President and are not the business of, or under the supervision of Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.

I, Benny Cheung, am a registered mutual fund salesperson represented by Carte Wealth Management Inc.

  1. I am also a licensed Life Insurance Advisor with Elegant Financial Inc., HL Bayview, Globedex Financial, Meritrust Financial Group, Carte Risk Management Inc. and Carte Financial Services Inc. Any activities relating to my occupation as a licensed Life Insurance Advisor is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.
  2. I am also a Licensed Mortgage Broker represented by CWF Group Mortgages Inc. Any activity relating to my occupation as a Licensed Mortgage Broker is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.
  3. I am also the Director/Owner of Elegant Financial Inc. and Globedex Financial, entities through which I place life insurance business. Any activities relating to my position as an Owner/Director of companies is not the business of, or under the supervision of Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.
  4. I am also a Volunteer with the Federation of Transoceanic Chinese Canadian Association, an association that fosters growth among Chinese Canadian Professionals and a Volunteer with Sick Kids Foundation. Any activities relating to my volunteer position, is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.
  5. I am also a Business Consultant with IQInvest Mortgage Corp., a Mortgage Investment Corporation. Any activity relating to my occupation as a Business Consultant is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.
  6. I am also the President of the Federation of Asian-Canadians Toronto, a Not-For-Profit Organization. Any activity relating to my position as a president is not the business of, or under the supervision of, Carte Wealth Management Inc., and Carte Wealth Management Inc. will not be liable or responsible for such activities.

I, Benny Cheung, wish this distinction to be clear, and if you are not sure of the difference, let us discuss it, or I can suggest sources from which you can obtain the necessary explanation. Our self-regulatory organization, The Mutual Fund Dealers Association of Canada (“MFDA”), has rules which state that the distinction between these business activities must be clear and that you understand the difference for the purposes of this transaction.