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Terms of Use

Since you are using the 5i Research Inc., Investor Suite, Portfolio Analytics, and/or ETF and Mutual Fund Update (referred to as 5i herein) websites, you understand and comply with the following terms of its use. By using or accessing any of our Services, you are acknowledging and agreeing to be bound by these Terms. If you do not agree to these Terms, you should not use the Services. 

First, 5i provides Investment Opinions only, not Investment Advice. 5i Research is not a registered advisor and does not present itself as such. Please perform your own due diligence before making an investment decision and consult your professional advisor before implementing any techniques/strategies herein.

Users need to understand that investing is risky and you need independent advice in addition to opinions provided here. 

5i is committed to protecting the privacy of the personal information which members provide 5i with for fulfillment use. See our privacy policy. 

This site contains secure sections which require a personal username, e-mail and password. Each user is solely responsible for his/her username, e-mail and password. It is the user's responsibility to notify 5i if others know this data. 5i can block access to your personal file until another username, e-mail and/or password have been confirmed.

Subscriptions renew annually but auto-renewal can be cancelled at any time prior. Notifications will be sent to your e-mail on file before the renewal is processed. Any refunds on renewals will only be made within 30 days of renewal. All fees are non-refundable after the 30-day period. Refunds will not be provided to those that subscribe, cancel and subsequently resubscribe. Please send any refund requests to

TSX and TSX Venture market data prices are at least 15 minutes delayed. The delayed data has been created on an 'as is' basis. TSX and TSX Venture prices are displayed in Canadian dollars notwithstanding TSX securities that trade with a 'u' suffix indicating pricing is in US Dollars. The reliability or accuracy of pricing data cannot be guaranteed. All pricing data from NYSE, NASDAQ, and any other data presented is delayed by a minimum of fifteen (15) minutes. 5i Research and/or the respective data providers cannot guarantee the reliability or accuracy of any of the data presented within this website.

Subscribers may not sell, lease, furnish or otherwise permit or provide access to the Information to any other Person or to any other office or place. Subscribers will not engage in the operation of any illegal business use or permit anyone else to use the Information, or any part thereof, for any illegal purpose or violate any Nasdaq or Securities and Exchange Commission (“SEC”) Rule or other applicable law, rule or regulation. Subscriber may not present the Information rendered in any unfair, misleading or discriminatory format. Subscriber shall take reasonable security precautions to prevent unauthorized Persons from gaining access to the Information.

5i owns the copyright to all proprietary information on this site. Articles, calculators, tools and other data are provided for personal use only. For example, items are not to be resold or passed on gratuitously. If you want to excerpt, redistribute, reproduce, etc. for other parties' use, request permission from 5i Research first.

Recommended websites, i.e. links to other sites, are provided for member convenience only. 5i cannot vouch for their accuracy, authenticity, or completeness of the/their website content or functionality. 5i cannot be held liable or responsible for any damages incurred, directly or indirectly, due to such linking.

5i cannot be held liable or responsible for any loss or damages arising directly or indirectly from the use of the 5i site and the information contained herein and/or for any damages for loss of profits, savings, goodwill or other intangible losses from the use of the 5i site and the information contained herein. The information contained in 5i Research Reports and on is obtained from sources believed to be reliable. Neither the information nor any opinion expressed constitutes a solicitation by 5i for the purchase or sale of any securities or commodities.

You acknowledge and agree that any request for information by you is unsolicited and any response by 5i will not constitute or be construed as investment advice.

Any model portfolios contained within the services (three Canadian focused equity model portfolios) are intended to be an educational tool and a starting point for an investor with which to make their own portfolio decisions on their own or with the help of an advisor. While employees of 5i Research cannot trade in Canadian securities (and in turn the stock holdings in the equity portfolios), they may own positions in funds/ETFs that are held within any model portfolio. Aside from management fees/MER on any underlying funds/ETFs (none of which 5i is a beneficiary of), 5i Research does not receive or charge any fees on the model portfolios aside from the standard annual subscription fee to access the services. Members are notified of any changes to the model portfolios via e-mail. You can learn more about model portfolio construction and notifications here.

5i opinions are distributed with the explicit understanding that 5i Research, its publisher or writers cannot be held responsible for errors or omissions. Shareholders of 5i Research and its writers and analysts will NOT have positions in any covered Canadian company, and will not be allowed to buy securities in the Canadian companies we comment on. No new Canadian companies are permitted to be bought by 5i Research staff. Employees can invest in funds and US based securities and may hold positions in US and international stocks/funds we comment on. You can see more on our disclosure policy here.

Our Services are directed at a Canadian audience. We cannot warrant that the Services are appropriate for users outside of Canada.

By agreeing to these terms, Members also:

(1) Accept and realize research reports and question answers are Opinions only, and 5i's opinion may be vastly different than their own.

(2) By your use of our Services, you are agreeing that you bear responsibility for your own investment research and investment decisions.

(3) Agree not to abuse the privilege of asking questions.

(4) Agree not to use foul language or a harassing tone in questions or emails.

Members not abiding by these terms will have their Membership privilege revoked.