Valley First announces a new, comprehensive wealth management partnership with Qtrade

    PENTICTON, BC, Aug. 18 /CNW/ - Valley First Credit Union has selected the
Qtrade Financial Group as its new supplier for comprehensive wealth management
services, including securities dealer, mutual fund dealer, investment services
and life insurance services. Both First Calgary Savings and Envision Financial
have opted to go with Qtrade as well, marking a significant milestone in the
partnership between the three credit unions.
    Valley First has enjoyed a long-term relationship with Qtrade Investor,
Canada's leading independent online brokerage, and now looks forward to
extending the arrangement to include Qtrade's full wealth management services.
    "We believe our newly expanded relationship with Qtrade will enable us to
focus on one of our key priorities - delivering the very best wealth
management services to our members," says Harley Biddlecombe, Valley First
president and chief executive officer.
    Scott Gibner, CEO of the Qtrade Financial Group, also commented on the
partnership. "Our mission is to help our partners like Valley First grow their
overall wealth management business with our market leading technology, tools,
products, support and training. As a long-time partner of Valley First, we are
excited to expand the wealth management partnership we have with them."
    Biddlecombe says Valley First will communicate directly with its members
about the change to Qtrade, and looks forward to continuing to provide
customized wealth management solutions to help each member reach his or her
financial goals. He encourages members who have questions to contact their
local Valley First branch.

    About Valley First Credit Union

    Valley First is one of British Columbia's 10 largest credit unions with
15 branches in BC's Similkameen, Okanagan and Thompson regions, $1.7 billion
in assets under administration, 45,000 members and more than 400 employees.
Valley First's subsidiaries include Valley First Insurance Services Ltd. and
Valley First Financial Services Ltd. For more information, visit

    About the Qtrade Financial Group

    Founded in 1999, the Qtrade Financial Group provides comprehensive wealth
management services and solutions to 180 financial institutions and their
customers across Canada. Qtrade is dedicated to providing its financial
institution partners with a single source for marketing-leading wealth
management products and services, including: online, full-service and
institutional brokerage services, full-service mutual fund dealer services,
insurance dealer services, portfolio management and discretionary money
management services and proprietary managed money solutions. Today, Qtrade
administers over $3.4 billion of investment assets. For more information visit

For further information:

For further information: Valley First Credit Union, Paul Skelhorne,
Corporate Communications Officer, (250) 490-2720,;
or Qtrade Financial Group, Pamela Patton, Director, Marketing & Partner
Relations, (604) 678-6962,

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