Acquisition includes two well-known private client wealth brands
CWB Financial Group has completed its acquisition of iA Investment Counsel (iAIC).
The acquisition was first announced in March and includes two well-known private client wealth brands: T.E. Wealth and Leon Frazer & Associates.
“We are very excited to welcome T.E. Wealth and Leon Frazer to the CWB family,” Matt Evans, president and chief executive officer of CWB Wealth Management, said at the announcement of the acquisition in March. “Both businesses have a distinguished history and exceptional potential for future growth. They enhance our private wealth presence, extend our capabilities, and represent an ideal complement to CWB's unique market position with a focus on serving successful entrepreneurs and business families across Canada.”
In a statement, CWB Financial Group said that the acquisition accelerates its strategy to be a “leading provider of total wealth management services to successful business families across Canada.”
“The transaction increases CWB's total wealth assets under management, administration and advisement to approximately $8 billion, with office locations in Vancouver, Edmonton, Calgary, Toronto, Montreal, and Quebec City,” the firm said.
