CANACCORD WEALTH MANAGEMENT LAUNCHES NEW CHARITABLE GIVING PROGRAM

Teams up with Benefaction to offer clients charitable-giving investment solutions

TORONTO, Aug. 24 /CNW/ - Canaccord Wealth Management (CWM), a division of Canaccord Financial Inc., is pleased to announce that it has partnered with the Benefaction Foundation to offer Canaccord clients a tax-efficient, cost-effective solution to enhance their charitable giving contributions. Complete Canaccord Philanthropic Solutions, as part of a donor's overall estate plan, allows donors' legacies to live on, while also providing them with tax advantages.

"Complete Canaccord Philanthropic Solutions assists individuals and families who wish to give back to the community through on-going charitable support, allowing their legacy to live on," said Tanya Bird, Canaccord Senior Vice President, Products & Services. "By partnering with Benefaction, we're able to help our clients include philanthropy into their overall wealth management strategies and amplify the impact of their generosity. This program delivers fully customized giving solutions designed to complement clients' altruistic values - values which are very important to them."

Complete Canaccord Philanthropic Solutions is part of the Complete Canaccord program - a customized and comprehensive approach to clients' wealth management and financial planning needs. It provides donors with two different options for their charitable contributions: Direct Funds, for a direct-to-recipient gift of contributions; and Donor Advised Funds, charitable giving vehicles tailored to reflect contributors' personal philanthropic goals.

Nicola Elkins, Benefaction Chief Executive Officer, said, "The Benefaction Foundation is pleased to be associated with Canaccord Wealth Management and their Complete Canaccord program. More and more high net worth Canadians want to make a difference to the lives of their follow citizens. They believe that having the means to live well is important but making a meaningful difference is life-changing."

ABOUT CANACCORD WEALTH MANAGEMENT:

As Canada's premier independent investment dealer, Canaccord Wealth Management is a national financial services firm that offers a wide-range of investment products, services and client-focused solutions. Canaccord's commitment to meeting the needs of its clients continues to be the cornerstone of our success. With 30 Wealth Management offices located across Canada, Canaccord Wealth Management is a division of Canaccord Genuity Corp., a subsidiary of Canaccord Financial Inc., Member, Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

Canaccord Financial is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and global capital markets. Since its establishment in 1950, Canaccord has been driven by an unwavering commitment to building lasting client relationships by generating value for individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. Canaccord has 38 offices worldwide, including its Wealth Management offices. Canaccord Genuity, the international capital markets division, operates in the U.S., U.K., Canada and Barbados.

Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and the symbol CF. on AIM, a market operated by the London Stock Exchange.

ABOUT BENEFACTION:

The Benefaction Foundation supports, rewards and inspires philanthropic investments in Canada. It is a not-for-profit organization that is national in scope and focuses on helping clients utilize strategic gift planning to minimize cost, complexity and tax burdens while maximizing a positive impact on the world. Benefactions' dynamic leadership team works together to create quality philanthropic alternatives that help high net worth investors and advisors add charitable giving to the traditional scope of wealth management.

SOURCE Canaccord Wealth Management

For further information: For further information: Scott Davidson, Managing Director, Global Head of Marketing & Communications, Canaccord Financial Inc., Tel: 416-869-3875, Email: scott.davidson@canaccord.com; Nicola Elkins, CEO, Benefaction Foundation, Tel: 1-866-514-2612, Email: nicola@benefaction.ca

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