VANCOUVER AND TORONTO, Feb. 10 /CNW/ - Canadian Western Trust Company
(CWT) and PIE Portfolio Index Evolution Corporation (PIE) today
announced an agreement to offer a low cost, high service account to
"CWT is excited to be working with PIE to provide financial advisors
with an opportunity to utilize our self-directed platform," says Darcy
Steep, Director of Business Development for the Ontario Region of CWT.
"Our self-directed products allow for a full range of investments to be
held in a single consolidated account. It's an ideal solution for
independent financial advisors who are looking for more efficient ways
to manage their clients' investment portfolios."
"PIE's funds offer a tremendous opportunity for Canadian investors to
access the exchange-traded fund (ETF) market within a diversified
mutual fund structure," says Krystian Urbanski, Vice President of
Business Development for PIE. "We are thrilled to partner with Canadian
Western Trust to provide this unique offering to our investors."
About Canadian Western Trust
Based in Vancouver, British Columbia, Canadian Western Trust Company
(CWT) is a wholly owned subsidiary of Canadian Western Bank (TSX: CWB).
CWT offers self-directed registered accounts and investment account
services to independent financial advisors, mortgage brokers and
individuals. CWT also provides corporate and group services to
corporations that offer employee retirement and pension plans.
Established in 1987, CWT became part of the Canadian Western Bank Group
in 1996 and currently administers over $6 billion of assets. Refer to www.cwt.ca for more information.
About PIE Portfolio Index Evolution
Based in Thornhill, Ontario, PIE Portfolio Index Evolution (PIE) is a
Croft Financial Group Inc. managed group of funds, which includes the
Income Fund, Canadian Equity Fund, US Equity Fund, International Fund,
Emerging Markets Fund and Alternative Strategies Fund. The six PIE
funds are constructed from broad-based passive indexes diversified by
market capitalization (large-, mid-, and small-cap) and style (growth,
value, and blend) across three asset classes and four geographic
regions. PIE offers a unique new portfolio management service that uses
exchange-traded index funds to create diversified, tax-efficient mutual
funds. Using a cross-section of index methods and styles, the PIE
portfolios avoid the guesswork, style drift, tracking error, high
trading fees, management turnover, and asset weight surprises that tend
to affect actively managed fund portfolios. For more information, visit
PIE's website at www.piefunds.ca.
SOURCE Canadian Western Trust
For further information:
|Patricia Lein |
National Sales Manager
Canadian Western Trust
Phone: (604) 699-4856
Vice President, Business Development
PIE Portfolio Index Evolution
Phone: (416) 900-8664