VANCOUVER, Sept. 11 /CNW/ - GrowthWorks(*) and Canadian Western Trust
Company (CWT) today announced an agreement to offer a low cost, high service
registered account to shareholders of GrowthWorks managed funds.
GrowthWorks has built one of Canada's leading retail venture capital
management companies. "Our managed funds are all based on the same core
principles: investing in growth-oriented companies, valuing portfolio assets
using widely-accepted industry standards, building industry connections, and
reducing risk through diversification" said Murray Munro, Senior Vice
President, National Sales, Marketing and Government Relations.
GrowthWorks offers regionally based retail venture capital funds (RVCs)
right across Canada. These GrowthWorks managed funds include the Working
Opportunity Fund, GrowthWorks Canadian Fund, GrowthWorks Commercialization
Fund, and GrowthWorks Atlantic Venture Fund.
CWT guides corporations, individuals and financial advisors toward ideal
solutions in retirement, trustee/custodial and related financial services.
Established in 1987, CWT currently administers over $4 billion in assets.
CWT's reputation for flexibility and responsiveness are points of pride.
"We are thrilled to be working with Growthworks and providing our joint
customers with enhanced products and services," said Scott Scobie, Managing
Director, Sales and Marketing. "Our self-directed product allows for a full
range of investments to be held in a single consolidated account. It is ideal
for helping our independent financial advisor customers more efficiently
manage their clients' investment portfolios".
GrowthWorks(TM) managed funds provide investment capital for Canadian
companies and tax-advantaged investment opportunities for Canadian investors.
GrowthWorks(*) manages over $800 million in assets through the Working
Opportunity Fund (EVCC) Ltd., GrowthWorks Atlantic Venture Fund Ltd.,
GrowthWorks Commercialization Fund Ltd. and GrowthWorks Canadian Fund Ltd.
GrowthWorks identifies, analyzes and structures investments in companies with
high growth potential. Particular emphasis is placed on IT, Life Sciences and
Advanced Manufacturing sectors. Building on over 15 years of investment
expertise, GrowthWorks is a leader in Canadian venture capital management.
About Canadian Western Trust Company
Based in Vancouver, British Columbia, Canadian Western Trust Company
(CWT) is a wholly-owned subsidiary of Canadian Western Bank. 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.
(*) GrowthWorks refers to affiliates of GrowthWorks Ltd. and includes:
GrowthWorks Capital Ltd, manager of the Working Opportunity Fund (EVCC) Ltd.;
GrowthWorks WV Management Ltd., manager of GrowthWorks Canadian Fund Ltd. and
GrowthWorks Commercialization Fund Ltd.; and GrowthWorks Atlantic Ltd.,
manager of GrowthWorks Atlantic Venture Fund Ltd. GrowthWorks is a registered
trademark of GrowthWorks Capital Ltd.
For further information:
For further information: Scott Scobie, Managing Director, Sales &
Marketing, Canadian Western Trust, (604) 699-4858