VANCOUVER, BCon 10 Feb. 18, 2022 /CNW/ — CWB Trust Services, a wholly owned subsidiary of CWB Financial Group, is pleased to announce its appointment as Registered Plans Trustee for Questrade, from Canada fastest growing and #1 ranked online brokerage*.

CWB Trust Services provides customized trustee and custodial solutions for mid-sized pension plans, brokerage firms, investment managers, endowments, individual mortgage investors and other investment pools. (CNW Group/CWB Trust Services)

“We are excited about our new relationship with Questrade,” said Bjorn Frohnsdorf, President, CWB Trust Services. “As we pursue our goal of becoming the best mid-market custodian Canadawe look forward to bringing our three decades of experience in the trust and custodial business to serve the diverse needs of Questrade. »

In this new agreement, CWB Trust Services will act as a participating trustee for Questrade’s registered plans.

“CWB Trust Services offers a wide variety of trustee and custodial solutions for individuals and businesses,” said Al Spadaro, Director, Business Development, CWB Trust Services. “Furthermore, we are committed to working with industry partners under this unique fiduciary arrangement to deliver a superior customer service experience to Questrade.”

CWB Trust Services acts as trustee for more than 1.5 million registered plan accounts with assets exceeding $90 billion in its registered plan trust division and administers more than $14 billion on deposit through its Asset Servicing group. A growing reputation and client list through a focus on providing accessible fiduciary expertise, asset security and dedicated, personalized client service.

“CWB Trust Services is an industry leader in registered plan trust and custodial services,” said Edward Kholodenko, President and CEO, Questrade. “Their innovative and customized solutions will help us meet our service requirements, add value and ultimately ensure that our customers become much more successful and financially secure.”

This appointment will take effect in the spring of 2022.

About CWB Trust Services
CWB Trust Services, a wholly-owned subsidiary of Canadian Western Bank and member of the CWB Financial Group, provides customized trustee and custodial solutions for mid-sized pension plans, brokerage firms, investment managers, mutual funds endowment, individual mortgage investors and other investment pools. With fiduciary offices located at Vancouverand strong representation in Ontario, we pride ourselves on being an industry leader in today’s ever-changing financial services environment. Our Service You Can Trust® philosophy is centered on providing customers with a quick response, strong attention to detail and a flexible, solution-oriented approach.

CWB Trust Services is a federal deposit-taking institution and a member of the Canada Deposit Insurance Corporation. www.cwt.ca

About CWB Financial Group
CWB is a diverse financial services organization known for a highly proactive customer experience serving businesses and individuals across Canada. CWB’s core businesses include comprehensive business and personal banking services offered through Canadian Western Bank banking centres, and personal banking services through our digital channels, including Motive Financial. Highly responsive nationwide specialty financing is offered under the banners of CWB Optimum Mortgage, CWB Equipment Financing, CWB National Leasing, CWB Maxium Financial and CWB Franchise Finance. Fiduciary services are offered through CWB Fiduciary Services. Comprehensive wealth management services are provided by CWB Wealth Management and its affiliate brands, including TE Wealth, Leon Frazer & Associates, CWB McLean & Partners and Canadian Western Financial. As a public company on the Toronto Stock Exchange (TSX), CWB trades under the symbols “CWB” (common shares), “CWB.PR.B” (series 5 preferred shares) and “CWB.PR.D” (Series 9 Preferred Shares). Learn more about www.cwb.com.

About Questrade
Questrade (www.questrade.com) is from Canada fastest growing online brokerage that is changing the Canadian financial services industry by leveraging technology to lower fees while providing a viable alternative to traditional financial investment options, enabling Canadians to retain greater part of their money. As a leader and innovator in financial services, Questrade is a trusted ally advocating for consumers, focused on enhancing value. After 22 years of challenging the status quo as from Canada leader in online non-banking brokerage, more than $30 billion of assets under administration and more than 250,000 accounts opened each year, Questrade and its companies offer financial products and services: securities, foreign exchange investments and online wealth management. Questrade has been named one of from Canada Best Managed Companies for the tenth consecutive year, achieving Platinum status and again being named one of the from Canada Most Admired Company Cultures™ for 2021. For more information, visit www.questrade.com or on Facebook and Twitter @Questrade. Questrade, Inc. is a registered investment dealer, member of the Investment Industry Regulatory Organization of Canada (IIROC) and member of the Canadian Investor Protection Fund (CIPF).

About Questrade Wealth Management, Inc.
Questrade Wealth Management Inc. (“QWM”) provides professional investment management services through Questwealth Portfolios (www.questrade.com/questwealth-portfolios). QWM is an exempt market dealer, investment fund manager and portfolio manager. QWM is a wholly owned subsidiary of Questrade Financial Group Inc.

*MoneySense 2021

SOURCE CWB Trust Services

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