VANCOUVER, British Columbia – CWB Trust Services (CWBTS) is pleased to announce its appointment as the registered plans trustee for certain subsidiaries of CI Financial Corp. (CI Financial) (TSX: CIX).
“CWBTS is delighted to have earned the confidence of CI Financial and to add them to our growing portfolio of clients,” says Scott Scobie, CWT’s Vice President and General Manager. “Both firms share a commitment to providing responsive client-centred service and we look forward to a mutually rewarding partnership.”
As part of the new mandate, CWBTS will act as trustee for registered plans for CI Financial's subsidiaries CI Investments Inc., Assante Capital Management Ltd. and Assante Financial Management Ltd.
Al Spadaro, CWT’s Director of Business Development for Broker and Dealer Services, also welcomes the announcement. “Adding one of Canada’s largest investment companies to our list of partners further confirms CWT’s position as a leading provider of trust solutions,” states Spadaro.
“CWT's reputation for providing trustee, custodial and administrative assistance is excellent,” said Fabio Iannicca, Senior Vice-President of Operations for CI Investments. “Their tailored solutions ensure our firm's unique service requirements will be achieved.”
Affected clients are being notified of the appointment, which became effective on March 2, 2019.
About CI Financial Corp. CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management advisory services. Its primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, Grant Samuel Funds Management Pty Ltd. of Australia, First Asset Investment Management Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.