Aviso Wealth opens trading at Toronto Stock Exchange

Aviso Wealth opens trading at Toronto Stock Exchange

2018-05-23T18:34:11+00:00May 1st, 2018|Business Updates|

TORONTO, ON —Aviso Wealth is pleased to announce that it officially rang the bell to open trading at the Toronto Stock Exchange today. Bill Packham, President and CEO for Aviso Wealth was present for the ceremony, accompanied by senior leaders. Board members were also present to mark the occasion and celebrate the event.

Aviso Wealth is a new organization with decades of experience that unites the talent and resources of three established, successful companies: Credential Financial, Qtrade Financial Group and NEI Investments. The agreement to merge the three industry-leading firms was announced in December 2017 and the closing of the merger was announced on April 3, 2018.

Aviso Wealth is one of Canada’s largest independent financial services providers with over $55 billion in assets under administration and management and with notable strengths in four major lines of business: comprehensive wealth management services for credit unions; online brokerage and digital advice; correspondent and institutional services; and asset management.

Bill Packham stated: “It’s a great honour to open the market, and to celebrate the emergence of Aviso Wealth as a significant new player in Canada’s financial sector. Our owners—the credit union Centrals, CUMIS Group, and Desjardins—executed a bold vision that we could be stronger together. We have ambitious plans to innovate on technology, products and services, so that we continue to add value for our partners and for Canadian investors.”

Watch Aviso Wealth Board Chair Garth Manness (L) and President and CEO Bill Packham (R) ring the bell to officially open the trading session.

About Aviso Wealth

Aviso Wealth is a national, integrated financial services company, with over $55 billion in assets. Aviso is owned by credit union Centrals, CUMIS and Desjardins. Our MFDA-regulated dealer, full-service IIROC-regulated brokerage, and insurance dealer support thousands of financial advisors at hundreds of credit unions across Canada. Our award-winning online brokerage, Qtrade Investor, and our automated investing platform, VirtualWealth, give Canadians flexible choices for building their wealth. Our asset manager, NEI Investments, is a Canadian leader in Responsible Investment funds and portfolios, which are available through a national network of advisors. Aviso also provides custodial services and introducing broker services to independent financial organizations, including banks, trust companies, insurance companies, investment dealers, portfolio managers and financial planning firms. Aviso has major operations in Vancouver and Toronto, along with regional offices across Canada. More information about Aviso Wealth is available at www.aviso.ca.

Caution concerning forward-looking statements

Certain statements made in this press release may be forward-looking. By their very nature, forward-looking statements involve assumptions, uncertainties and inherent risks, both general and specific. It is therefore possible that, due to a number of factors, the predictions, projections or other forward-looking statements as well as objectives and priorities of the parties may not materialize or may prove to be inaccurate and that actual results differ materially. Various factors beyond the control of the parties could influence the accuracy of the forward-looking statements in this press release. Although the parties believe that the expectations expressed in these forward-looking statements are reasonable, it can give no assurance or guarantee that these expectations will prove to be correct. The parties caution readers against placing undue reliance on forward-looking statements when making decisions. None of the parties undertakes to update any written or verbal forward-looking statements that could be made from time to time by or on behalf of the parties, except as required under applicable securities laws.