Practice: Total Wealth Management Group
Firm: HollisWealth, a division of Industrial Alliance Securities
Location: Pointe-Claire, QC
Nader Hamid saw a modest AUM gain in 2020, despite proactively reducing his total number of clients. “At TWM Group, we’re continually working to be the best private wealth management service in Canada,” he explains. “With this mission in mind, we reduced our client base last year, transferring close to 65 relationships, accounting for around $20 million in AUM, to advisors who were better suited to service them. In doing so, our team was able to focus on a smaller number of high-net-worth clients, providing them with a broader range of personalized services. This strategy allowed us to grow our AUM despite reducing our client base.”
In addition, Hamid and his growing team have been focusing on new areas of financial management for their clients. “Our team has continued to grow, becoming more and more multi-disciplinary,” he says. “For the coming year, we are focusing on optimizing our operations, mainly by strengthening our use of technology to render our clients the full benefits of an increasingly sophisticated practice.”
BUSINESS CONTACT DETAILS:
Company name: Total Wealth Management Group
Head office address: 755 St-Jean Blvd., Suite 302, Pointe-Claire, Quebec H9R 5M9 Canada
Phone number: 1 (514) 227-2700
Website: https://twmgroup.ca
