Obsessed with your success
Table of Contents
Maintain a foundation of trust
Manage our impact responsibly
Supplemental reporting
Appendices and Glossary
Overview
Supporting Indigenous communities
Our team at T.E. Wealth Indigenous Services acts as a trusted advisor to Indigenous communities, supporting their wealth management needs related to land claim settlements, resource-sharing arrangements, and other revenue-generating activities. An annual fee is charged for investment and trust management advice based on the amount of assets held in the trusts they advise on. As of October 31, 2023, our teams had relationships with over 32 Indigenous communities across Canada, consisting of $2.2 billion in assets under advisement. The wealth management team shows their commitment to Indigenous communities by volunteering with national Indigenous associations and regularly speaking at Indigenous conferences across Canada.
Chippewas of Rama First Nation Council Members
A trusted relationship with the Chippewas of Rama First Nation
Our team at T.E. Wealth Indigenous Services has acted as an advisor to the Chippewas of Rama First Nation for over 17 years. The First Nation’s financial team meets with our team on a quarterly basis to review the trust, as well as the Williams Treaty Trust and the Rama pension plan for employees of Rama First Nation. Together, the team assesses the performance of the trusts and the investment managers who primarily manage stocks and bonds, and in some cases alternative investments. In addition, the Chippewas of Rama First Nation have a community plan to pay an annual distribution to members and invest in several infrastructure projects. The community has added a health and social services building; renovated and expanded its school, police and fire departments; and added the Getsidjig Endaawaad
seniors’ community home and extended care facility, a residential seniors’ building that includes 12 long-term care beds. We’ve had additional settlement money come in and we’ve had to develop other policies, trusts, and change investment managers and strategies a few times. All along the way, we’ve had T.E. Wealth to review those plans, provide
feedback, and lay out the pros and cons so we can make the best-informed decision for everyone – the best decision for our future. ”
- Rick Morano, Chief Financial Officer, Chippewas of Rama First Nation
29 2023 SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
Powered by FlippingBook