Alterna Savings and Alterna Bank Announce a New Comprehensive Wealth Management Partnership with Qtrade



    OTTAWA, June 30 /CNW/ - Alterna Savings and its subsidiary Alterna Bank
announced that they have selected the Qtrade Financial Group as their new
partner for comprehensive wealth management services, including securities
dealer, mutual fund dealer, investment and insurance services.
    "After a thorough due diligence process we are very pleased to move
forward with this wealth management partnership," says Alterna Savings'
President and CEO John Lahey. "Serving our members' wealth management needs
is, and has always been, vitally important to us at Alterna. We see this
long-term partnership as an opportunity to significantly enhance our existing
offering."
    Scott Gibner, CEO of the Qtrade Financial Group, says, "Alterna is a
dynamic financial institution with an incredible history of providing
outstanding products and services to its members and clients for over 100
years. We are extremely pleased they have selected us as a partner and look
forward to working with them to deliver market-leading products and services
and help them grow their wealth management business."
    Lahey says that Alterna Savings and Alterna Bank will communicate
directly with participating members about the change to Qtrade, and looks
forward to continuing to provide customized wealth management solutions to
help each member reach his or her financial goals. He also encouraged members
who have questions to contact their local Alterna Savings or Alterna Bank
representative.

    About Alterna Savings

    Alterna Savings is one of Canada's 10 largest credit unions with 22
branches in the Greater Toronto Area, Ottawa, Kingston, Pembroke and North
Bay, with the corporate offices located in Ottawa and Toronto. Alterna
Savings' consolidated assets total approximately $2 billion, with 130,000
members and more than 500 employees. Alterna Bank, with both an online
presence as well as two branches in Gatineau, Quebec, brings the Alterna
co-operative philosophy beyond Ontario's borders. For more information visit
www.alterna.ca.

    About the Qtrade Financial Group

    Founded in 1999, the Qtrade Financial Group provides comprehensive wealth
management services and solutions to 180 financial institutions and their
customers across Canada. Qtrade is dedicated to providing its financial
institution partners with a single source for marketing-leading wealth
management products and services, including: online, full-service and
institutional brokerage services, full-service mutual fund dealer services,
insurance dealer services, portfolio management and discretionary money
management services and proprietary managed money solutions. For more
information visit www.qtrade.ca.






For further information:

For further information: Alterna Savings, Kimberley Ney, Senior Vice
President, Marketing, Communications and CSR, Ph: (416) 252-5625 ext. 7906,
kimberley.ney@alterna.ca; or Qtrade Financial Group, Pamela Patton, Director,
Marketing & Partner Relations, (604) 678-6962, ppatton@qtrade.ca


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