Respected Canadian portfolio management firms now leveraging Credential’s comprehensive custody and trading services
July 17, 2014 – Vancouver, BC – Credential Financial Inc. celebrates a successful inaugural year for its Credential Correspondent Partners division. The division was launched to meet the market need for an independent Canadian provider of custody and trading services for portfolio managers and independent wealth management firms.
In the past year, Credential Correspondent Partners has signed on over 30 Portfolio Management firms across Canada, including Connor, Clark & Lunn Private Capital, Jarislowsky, Fraser Limited, and Rempart Asset Management. The success of this division has contributed to Credential’s significant growth – over 26% increase in assets under administration over the past year.
“We recognize Credential’s reputation of delivering outstanding, holistic wealth management services for over 20 years,” said Jason Vincent, President, Matco Financial. “Their Correspondent Partners team provides us with in-depth industry knowledge, operational strength and an unparalleled service focus, while offering us tailored custodial and trading solutions to meet the needs of our clientele.”
“The fact that Credential is 100% Canadian-owned with a strong financial backing and offers a service that complements and not competes with our services, was a big draw for us,” said Rob Mitchell, President, Dixon Mitchell Investment Counsel. “Our transition to Credential was seamless and their efficiency and excellent service has allowed us to focus on what we do best—managing our clients’ finances.”
In 2013 Credential also launched a unique program that connects the Company’s credit union partners with select portfolio management firms specializing in discretionary investment management for affluent investors. This program allows Portfolio Management firms to expand both their referral and direct business networks and provides credit unions with the opportunity to better serve their high net worth members.
“We’re pleased with the success we’ve had in the past year in addressing a gap in the market for an independent Canadian firm offering custody and trading services,” said Kevin Vanderheyden, Senior Vice President, Correspondent Services, Sales & Trading. “We provide strategic business consulting to help our partners grow their business, while delivering a neutral custodian offering.”
About Credential Financial Inc. For more information, please contact:
Credential Financial is a national wealth management firm, with over 20 years of experience in the Canadian financial services industry, offering a full suite of products and services to over 225 organizations and more than 1,300 advisors. Credential and its member companies (Credential Asset Management, Credential Securities, Credential Correspondent Partners, Credential Direct, and Credential Insurance Services) provide MFDA and IIROC dealer services, trading and custodian services, online brokerage, and insurance solutions to credit unions and independent financial institutions across Canada. For more information, visit www.credential.com.
Armita Seyedalikhani, Senior Manager, Strategic Communications
Credential Financial Inc.