CWB completes acquisition of T.E. Wealth and Leon Frazer & Associates

EDMONTON, June 1, 2020 /CNW/ - CWB Financial Group (CWB) (TSX: CWB) has completed its previously announced acquisition of iA Investment Counsel Inc. (iAIC). iAIC is a leading provider of financial planning and wealth management services for high-net-worth Canadian families, delivered under the brand names T.E. Wealth (T.E.) and Leon Frazer & Associates (Leon Frazer). T.E. is also one of the largest and most reputable providers of investment management and financial education services to Indigenous communities, with offerings provided through T.E. Wealth Indigenous Services.

This acquisition accelerates CWB's 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.

SOURCE CWB Financial Group

Chris Williams, AVP, Investor Relations, CWB Financial Group, Phone: [phone], Email: [email protected]