Scotia Private Client Group Partners with TIGER 21 Canada

  • TIGER 21 members can borrow more easily to invest through access to Total Wealth Credit Solution, an innovative borrowing platform from Scotia Private Client Group's Private Banking division

TORONTO, June 29, 2011 /CNW/ - Scotia Private Client Group today announced it has entered into a strategic partnership with TIGER 21 (The Investment Group for Enhanced Results in the 21st Century), North America's premier peer-to-peer learning group for high net worth investors.

Through the partnership, members of TIGER 21 Canada will have the ability to take advantage of investment opportunities with Scotia Private Client Group's innovative borrowing platform, Total Wealth Credit Solution - a flexible credit product that simplifies borrowing by allowing members to consolidate different types of investment holdings as collateral for a single investment line of credit.

"We feel that Scotia Private Client Group and their Total Wealth Credit Solution is a well-rounded offering that will truly benefit TIGER 21 Canada members," said Thane Stenner, Managing Director, TIGER 21 Canada. "Anytime that we can offer our members access to a unique credit solution to enhance their options for borrowing to invest, it is a good thing."

TIGER 21 Canada members meet monthly in groups of 10 to 14 individuals to exchange investment ideas and share personal experiences on a broad range of wealth-related issues.

"We are pleased to be partnering with TIGER 21 to offer members access to our fully automated and integrated lending platform, Total Wealth Credit Solution," said Andrew M. Wright, Managing Director & Head of Private Banking, Scotia Private Client Group. "With Total Wealth, TIGER 21 members will have immediate and uncomplicated access to capital to pursue their passion for investing individually or as a group."

How Total Wealth works: Private Bankers at Scotia Private Client Group can access fully automated daily market valuations for investment portfolios and information on their client's borrowing capacity based on brokerage industry margin guidelines, for a range of securities maintained in client investment portfolios - whether with a full service advisor or in an on-line brokerage account.  This information is then automatically combined with valuations of other collateral types maintained in Total Wealth, such as residential real estate or insurance policies.  All of the collateral is consolidated in support of a single, integrated investment line of credit. This enables members to borrow to invest using their broad-based wealth in a more efficient and convenient manner.

About Scotia Private Client Group:
Scotia Private Client Group provides customized solutions to help high net worth clients build, preserve and transfer their wealth.  Scotia Private Client Group consists of private client services from The Bank of Nova Scotia, The Bank of Nova Scotia Trust Company, Scotia Asset Management L.P., Scotia Asset Management U.S. Inc., ScotiaMcLeod Financial Services Inc., and ScotiaMcLeod®, a division of Scotia Capital Inc. Scotia Capital Inc. is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Scotia Private Client Group is a registered business name of The Bank of Nova Scotia, The Bank of Nova Scotia Trust Company, ScotiaMcLeod Financial Services Inc., Scotia Asset Management L.P., and Scotia Capital Inc. in the jurisdictions in which they carry on business. Estate and succession planning services are provided by The Bank of Nova Scotia Trust Company.  For more information, please visit www.scotiaprivateclientgroup.com.

About Scotiabank:
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 70,000 employees, Scotiabank Group and its affiliates serve some 18.6 million customers in more than 50 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets above $571 billion (as at April 30, 2011), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

About TIGER 21 Canada:
TIGER 21 is North America's premier peer-to-peer learning group for high-net-worth investors. We help members build the skill set to successfully transition from focused entrepreneurs to disciplined managers of wealth. Participating in professionally-facilitated, 12-14 person groups, our members meet monthly to harness the varied expertise and collective intelligence of their peers in high-energy, day-long sessions. Our diverse membership comes from a variety of professional and personal backgrounds and shares an entrepreneurial spirit and desire for intellectual challenge. Some have created, built and sold their own businesses. Others have risen through the corporate ranks, including Wall Street firms, investment managers or attorneys, to exit at the top of their professions. Founded in 1999, TIGER 21 is headquartered in New York City and has groups in New York, Los Angeles, San Francisco, San Diego, Miami, Dallas, Washington DC, and Vancouver, Calgary, Toronto and are currently in the process of opening a group in Montreal.  Collectively, our nearly 200 members currently manage approximately $15 billion in assets. For additional information on TIGER 21Canada, visit www.tiger21.com/canada.

SOURCE Scotiabank

For further information:

Karen Heath, Scotiabank Media Communications, 416 866-7238 or
karen_heath@scotiacapital.com.

Thane Stenner, Managing Director, TIGER 21 Canada
Thane.stenner@tiger21.com.


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890