Wolverton Securities Ltd. Opens New Victoria Branch and Expands in Kelowna

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 operations.

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 investment personnel.

"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 goals.

SOURCE: Wolverton Securities Ltd.

For further information:


Richard Butterworth
Chief Operating Officer, Wolverton Securities Ltd.
Phone: 604-622-1000
E-mail: richard.butterworth@wolverton.ca

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Wolverton Securities Ltd.

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