National Bank Financial Group and Montrusco Bolton Investments: A winning alliance
National Bank Financial Group and Montrusco Bolton Investments are pleased to announce that they have finalized the agreement which, subject to regulatory approval, will see the Private Wealth Management Customer Service division of Montrusco Bolton Investments in Quebec and Ontario join the Private Wealth 1859 division of National Bank Financial Group.
“We are very pleased with this acquisition—a win-win situation for all concerned. All Montrusco Bolton private wealth clients will continue to benefit from the services previously offered by their advisors who have joined the Private Wealth 1859 team, as well as those offered by Private Wealth 1859 professionals and all experts at National Bank Financial Group. Montrusco Bolton’s institutional managers will join the team of exclusive external managers of the Private Wealth 1859 offering, a vote of confidence in Montrusco Bolton,” said Luc Paiement, Executive Vice-President – Wealth Management, National Bank Financial Group.
“For more than 60 years, the mission of Montrusco Bolton Investments has been to offer its clients customized, quality investment solutions. Guided by this philosophy, our decisions have always been in the best interests of our clients. This unique agreement, which upholds this philosophy, offers our clients continuity and the advantages that a solid, reputable financial institution like National Bank Financial Group can provide,” stated Sylvain Boulé, President and CEO of Montrusco Bolton Investments.
Montrusco Bolton Investments Inc. will now pursue its activities as portfolio manager with a mostly institutional clientele or as a sub-advisor for large distribution networks of financial products, including National Bank Financial Group.
Since it was created a little over a year ago, Private Wealth 1859 has secured an enviable market share of wealthy clients by offering exclusive services and advice for all wealth management activities to affluent individuals and their families. In the summer of 2010, National Bank Trust’s activities were combined with those of Private Wealth 1859 in order to offer high net worth clients a wider, consolidated range of services.
The signing of this agreement is another step in the progress of the Private Wealth 1859 business model and is an opportunity to give effect to:
The complete deployment of the Private Wealth 1859 team in 19 Quebec municipalities through the integration of 30 specialized financial planners who will see to the needs of business owners;
The creation of a team dedicated to very wealthy clients;
Partnering with National Bank Financial full-service investment advisors, which will allow the Private Wealth 1859 team to extend its presence and reputation with a wider offering and seasoned advisors.
With these changes, Private Wealth 1859 will boast more than 175 employees, thousands of clients, and an even more attractive selection of personalized services to enhance the overall satisfaction of National Bank Financial Group's high net worth clients.
About National Bank of Canada
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $146 billion in assets and, together with its subsidiaries, employs 18,438 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca. To access National Bank Financial Group’s financial education portal, visit www.clearfacts.ca.
About Montrusco Bolton Investments
Montrusco Bolton Investments is a Montreal-based portfolio management firm that offers services to institutional clients which include pension funds, foundations, religious communities, insurance companies and investment funds. The origins of the firm date back to 1946. For more information, visit www.montruscobolton.com.
Information: (The telephone number provided below is for the exclusive use of journalists and other media representatives.)
Senior Manager, Public Affairs
National Bank Financial Group