Raintree Financial Solutions Strikes Strategic Alliance with Pennant Capital Partners
EDMONTON, Nov. 5, 2012 /CNW/ - Raintree Financial Solutions is proud to announce a strategic alliance with Pennant Capital Partners that will allow each business to focus on its core strengths.
As an Exempt Market Dealer (EMD), Raintree Financial Solutions specializes in providing dealer services to qualified Dealing Representatives and its clients in Alberta, British Columbia, Manitoba, Ontario and Saskatchewan. Raintree Financial Solutions does not manage investment funds; instead focuses solely on offering thoroughly screened third-party securities. The new alliance will see Raintree Financial Solutions expanding its robust product shelf to include exclusive access to Pennant Capital Partners' investment funds, managed by Invico Capital Corporation, and offering its dealer services to former Pennant Capital Partners Dealing Representatives.
Based in Calgary, Alberta, Pennant Capital Partners' sister company Invico Capital Corporation manages approximately $160 million of client assets across a number of proprietary investment funds. Upon completion of the alliance with Raintree Financial Solutions, Pennant Capital Partners will no longer be focused on selling investment product to retail investors but will focus on providing Invico Capital investment products to their channel partners.
"This is a significant step forward for our industry," says Adam Derges, VP Business Development at Raintree Financial Solutions, "By working together to utilize the strengths of both organizations we're able to improve the offerings to those working and investing in the exempt market. Our similar values will enable us to continue moving forward with transparency and a dedication to investor alignment."
"It's a strong and strategic alliance that enables our organizations to remain separate," says Pennant Capital Partners President, Dean Lower, "We're excited to be able to work together in this manner to provide such great opportunities for exempt market investors." Both companies are committed to helping investors build wealth utilizing alternative investments as a tool to do so. This relationship amplifies their efforts to work together in achieving the best results for clients, and their advisors, alike.
Raintree Financial Solutions is an Exempt Market Dealership dedicated to helping investors build their wealth responsibly through a variety of alternative investment opportunities.
SOURCE: Raintree Financial Solutions
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