Canadian Western Bank (CWB) has launched CWB Wealth Management, a new venture to offer financial planning, advisory and wealth management services.
The new firm will offer products and services directly, and also through CWB’s three affiliated firms namely Canadian Western Financial, Adroit Investment Management and McLean & Partners Wealth Management.
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As part of the move, CWB has hired David Schaffner as a new president and CEO of CWB Wealth Management.
Schaffner said: "We’ve been very pleased to grow our wealth management offering over the years with the acquisition of Adroit Investment Management in 2008 and McLean & Partners Wealth Management in 2013.
"It gives us the opportunity to serve, advise and support clients with diverse wealth management needs by leveraging our internal network of trusted subject matter experts and financial planning professionals."
Additionally, the wealth management firm also expects to provide clients access to a new, exclusive, line of proprietary mutual funds, the CWB Onyx Portfolio Series, later in February 2016.
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By GlobalDataCWB president and CEO Chris Fowler said: "This next step will enhance our ability to offer clients relevant products and services that meet their needs, delivered with the personalized service they expect from CWB."
