Who is the Pacific Financial
Group of Companies? (PFC)
The Pacific Financial Group of Companies (“PFC”) is the entity with which all individuals interface with respect to their participation in the iFinance program – to finalize and optimize their transaction, and to structure it for the term of their participation.
PFC is a group of six BC-incorporated companies operating as personal lenders to qualified, credit-worthy Canadian individuals. PFC raises the capital for its lending activities by selling RRSP-eligible bonds, also to qualified Canadian individuals.
PFC conducts all of its operating activities under the umbrella of the iFinance integrated investment and borrowing program, which was created and developed by Investec Solutions Inc. (dba iFinance) and introduced to the marketplace in 2003. Investec continues to provide a full range of marketing and administrative services to PFC to enhance the presence, and ensure the ongoing credibility, of the iFinance program in the marketplace. Investec introduces all potential iFinance participants to PFC through its marketing efforts.
The iFinance program consists of the investment component through which individuals invest in each PFC company and its future potential; and the borrowing component through which PFC investors can apply for a 10-year unsecured personal loan in order to meet a variety of financial plans or needs.
PFC bonds are private market securities with all the features of that type of instrument and subscribers must meet the requirements of the Securities Commission or similar regulatory body in the Province or Territory in which they reside in order to have their subscription accepted. The bonds have a 10-year term and feature a market interest rate compounding annually to maturity.
PFC loans are available to PFC investors at their option, in amounts up to 100% of their individual investment and are underwritten using industry-standard, PFC-specific, qualifying benchmarks in terms of creditworthiness and debt service ability. Applicants must meet these benchmarks in order for their loan application to be approved. Loans are unsecured and have a 10-year term with repayment options available.
In 2009, the PFC company selling bonds and making loans is PFC 2019 Pacific Financial Corp. (“PFC 2019”). Each of PFC 2013, PFC 2015, PFC 2016, PFC 2017 and PFC 2018 formerly carried out investment and lending activities and all are currently engaged in managing their individual bond and loan portfolios.
The important thing for all iFinance program participants to remember is that PFC is the entity with which they interact through the term of their investment and/or loan, and PFC management is committed to ensuring that all dealings meet client needs to the fullest extent possible. From working to ensure that participants understand the iFinance program fully at the start, to being readily accessible for dealing with the inevitable questions and issues that will arise through the term of participation, to employing solid business practices designed to ensure as much as possible that participants are rewarded as expected at the end of both the investment and loan term. PFC management is dedicated to making the iFinance experience as transparent, gratifying and rewarding as possible.
