Pinnacle Correspondent Services Announces Strategic Alliance With HighView Financial Group



    VANCOUVER, Nov. 15 /CNW/ - Pinnacle Correspondent Services, a division of
Canaccord Capital Corporation ("Canaccord"), today announced that it has
entered a multi-year strategic arrangement with HighView Financial Group
("HighView") to provide integrated managed asset solutions to Canadian wealth
management firms including investment dealers, mutual fund dealers and
multi-family offices.
    "With the continued aging demographics of the Canadian population, our
investment dealer clients are seeking an increasing range of managed asset
solutions for their affluent clients" says David Tasker, Vice President of
Pinnacle Correspondent Services. "We believe that the experienced team of
HighView Financial Group, through its competency based operating business
model, provides a unique opportunity for Pinnacle to deliver an integrated
suite of tailored managed asset solutions including Separately Managed
Accounts, Multi-Manager Investment Funds and Advisor Managed Accounts to our
clients."
    "We are excited about the opportunity of providing our managed asset
services to Pinnacle's clients." says Mark Barnicutt, President & CEO, of
HighView Financial Group. "In our experience, one of the greatest challenges
facing investment dealers in the delivery of managed asset solutions to their
clients is the access to a robust, flexible and open technology platform and
operational support structure that provides for easy access to client
portfolio information together with accurate and timely value-added client
portfolio reporting. Over the past several years, Pinnacle, through its
ownership by Canaccord, has invested in the successful delivery of such a
platform to its investment dealer clients, and we're proud to be affiliated
with them."

    About Pinnacle Correspondent Services

    Pinnacle, through its leverage of Canaccord's investment in
infrastructure and technology, provides leading edge support solutions to
Canada's wealth management industry. From custodial to the administration of
separately managed account programs and full correspondent services, Pinnacle
employs the expertise of approximately 500 operations staff from offices in
major centres across Canada and internationally to bring superior, flexible
solutions to its clients. For more information about Pinnacle, visit
www.pcsc.ca.

    About Canaccord Capital Inc.

    Through its principal subsidiaries, Canaccord Capital Inc. (TSX & AIM:
CCI) is a leading independent, full service investment dealer in Canada with
capital markets operations in the United Kingdom and the United States of
America. Canaccord is publicly traded on both the Toronto Stock Exchange and
AIM, a market operated by the London Stock Exchange. Canaccord has operations
in two of the principal segments of the securities industry: private client
services and capital markets. Together, these operations offer a wide range of
complementary investment products, brokerage services and investment banking
services to Canaccord's private, institutional and corporate clients.
Canaccord has approximately 1,689 employees worldwide in 30 offices, including
23 Private Client Services offices located across Canada. Canaccord Adams, the
international capital markets division, has operations in Toronto, London,
Boston, Vancouver, New York, Calgary, Montreal, San Francisco, Houston and
Barbados.

    About HighView Financial Group

    HighView Financial Group is a professional services firm that provides
advisory and outsourced business services to Canadian wealth management firms.
Our mission is to facilitate independence in the Canadian Wealth Management
industry through the integration of strategy, support and capital for managed
asset firms and offerings. For more information about HighView Financial
Group, visit www.highviewfin.com.




For further information:

For further information: Pinnacle Correspondent Services: David Tasker,
Vice President, (416) 867-6109, david_tasker@pcsc.ca; HighView Financial Group
Inc: Mark Barnicutt, President and CEO, (905) 827-8540,
mbarnicutt@highviewfin.com; Gary Brent, Chairman, (905) 363-7152,
gbrent@highviewfin.com


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