Worldsource Wealth Management Inc. is planning to unify its dealer structure under a single platform, following its registration in July 2025 as a mutual fund dealer.
The Canadian Investment Regulatory Organization (CIRO) issued a release on Thursday that said Worldsource Financial Management (WFM), a mutual fund and exempt licensed dealer and subsidiary of Worldsource Wealth, plans to resign its membership.
In an email, Jennifer Moss, senior vice-president of Worldsource Wealth Management, said WFM’s business will be transferred to Worldsource Wealth Management, along with Worldsource Securities (WSI) and Desjardins Financial Security Investments Inc. (DFSI).
“This change is part of a broader strategy to streamline operations and unify the dealer structure under a single platform,” she said.
“This includes the transition to a dual‑registered dealer model, allowing advisors to operate within one integrated structure rather than across multiple entities.”
The transition is expected to be completed around Oct. 12, subject to regulatory approval.
Moss added that the reorganization “supports Worldsource’s long‑standing focus on the independent dealer model, providing advisors with flexibility, choice and access to a more scalable platform.”
Worldsource is owned by Desjardins.
Moss said the transition is being designed to “minimize disruption” but said some impacts on advisors and investors should be expected.
“Advisors will continue to operate their businesses and serve clients as they do today, supported by enhanced platform capabilities over time,” she said. “Clients will continue to work with their advisors under the same relationship model, with no change to how they receive advice.”