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, has opened two new branch locations and acquired investment advisors and other key personnel for its various Western Canadian branches from Union Securities Ltd. and Canaccord Wealth Management.
Wolverton has opened new branch office locations in Edmonton and Victoria with Prince George targetted for early 2013. The Kelowna branch has also expanded, moving to a new location to support additional personnel. The new branch offices will provide individual, corporate and institutional clients access to a broad team of investment professionals offering both venture capital and full-service brokerage services from a well-established investment services company.
The expansion is consistent with the company's strategic growth strategy and progressive business vision. 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 for more than 100 years.
SOURCE: Wolverton Securities Ltd.
For further information:
Chief Operating Officer, Wolverton Securities Ltd.
E-mail: [email protected]