Wellington West opens Montreal branch

    Expanded presence in Quebec represents milestone in company's growth

    MONTREAL, Sept. 10 /CNW/ - Wellington West Holdings Inc., a privately
held, employee-owned financial services firm, today announced the expansion of
its national network with the opening of a Wellington West Capital Inc.
full-service retail investment branch in Montreal, Quebec. With the addition
of this office, Wellington West Capital Inc. now has two offices in Quebec and
a total of 47 locations coast-to coast.
    "The expansion of our Quebec team is an important step toward achieving
our goal of becoming the leading independent wealth management firm in
Canada," said Kish Kapoor, President, Wellington West Holdings Inc., "This is
a unique market with a cultural appreciation for entrepreneurialism and
independence. We feel we can provide a home for many of the province's top
investment advisors and we are prepared to invest in our commitment."
    Wellington West's expansion efforts in Quebec are being led by Annamaria
Testani, Senior Vice-President, Business Development. Mrs. Testani holds the
Chartered Financial Analyst and a MBA from Concordia University. She has been
active in the financial services industry for 15 years and is bilingual in
French and English.
    The Montreal office is opening with two teams of top-performing
investment advisors. The Richard Walsh and Paolo Di Stefano team and the Glenn
Maclean and François Richard team are comprised of well-established investment
professionals who are dedicated to providing thought-leadership for their
clients and community leadership in their region.
    "We will continue to seek advisors of the highest calibre," said Mrs.
Testani. "Our goal is to find the best people in the market, support them with
Wellington West's award-winning reputation and ultimately offer a different
kind of investment firm to the people of Quebec."

    About Wellington West

    The Wellington West group of companies provides full-service brokerage,
financial planning, asset management and capital markets services. Principal
among its operations is Wellington West Capital Inc., a member of CIPF and a
full-service investment dealer with offices across Canada. In the 15 years
since its inception, the employee-owned Wellington West has become one of the
largest and fastest-growing independent full-service investment operations in
Canada with more than $9.6 billion in assets under administration. Among its
many corporate achievements, Wellington West has earned one of the top two
spots as Best Employer in Canada for the past three years, named one of
Canada's Fastest Growing Companies in 2007 and requalified as one of Canada's
50 Best Managed Companies in 2007. In addition, Wellington West ranked No. 3
in the 2007 Brokerage Report Card survey, having held the No. 1 spot for four
of the past five years. For more information, visit www.wellingtonwest.com.

For further information:

For further information: Media Contacts: Janine Waschuk, Wellington
West, (416) 899-2617 or janine@wellwest.ca

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