Financial Services Firm's 30% Growth Bucks Industry Downsizing Trend
VANCOUVER, Dec. 3, 2012 /CNW/ - Wolverton Securities Ltd., a leading
Western Canadian financial services firm for more than 100 years,
expands in British Columbia with a new branch office now open in
Victoria while announcing further expansion in Kelowna.
Wolverton Securities new branch office in Victoria along with the
expanded Kelowna operations will provide individual, corporate, and
institutional clients access to team of investment professionals
offering full-service brokerage and venture capital services. Many of
the new investment advisors come from Canaccord Wealth Management which
recently restructured its business and Union Securities which ceased
The new branch office in Victoria and the expansion in Kelowna is part
of the company's aggressive growth strategy which includes a Prince
George branch targeted in 2013, a new branch in Edmonton, and further
personnel additions in Calgary. Despite the challenges presented by the
current economy and an industry trend toward downsizing, Wolverton has
achieved more than 30% incremental business growth in the last 90 days
by significantly expanding its operations and team of experienced
"Throughout the decades, we've demonstrated our ability to ride market
changes while consistently offering a premier client experience," says
Richard Butterworth, Chief Operating Officer. "Now, we have proven our
stability thereby expanding our presence, continuing to attract new
brokers, and offering both new and existing clients the benefits of
dealing with a seasoned player in the brokerage services market."
"Whereas a number of our closest rivals may be looking at the glass less
than half full right now, we have committed over $3 million over the
past quarter to expand our North America operations in pursuit of our
commitment to add top caliber investment advisors and over $1 billion
of client assets by 2015. We are delivering on this goal through
superior compensation -- investment advisor payouts that are typically
20% more than our closest rivals - and by seamlessly transferring
clients in record time."
Wolverton Securities Ltd. is a leading independent, full-service
financial services firm with offices across Western Canada and serving
clients throughout North America, Europe, and Asia. Established in
1910, Wolverton has been providing its clients with a wide range of
financial products and solutions to help them attain their financial
SOURCE: Wolverton Securities Ltd.
For further information:
Chief Operating Officer, Wolverton Securities Ltd.