It has been announced that a Canadian credit union will integrate a private wealth service into its offering for the first time. This comes with the news that Vancouver Island’s largest financial services organization, Coastal Community Credit Union, is launching an advisory firm for the high net-worth with its wealth management partner, Credential Financial Inc., based in Vancouver.
The Private Wealth Group will include retirement and tax planning, wealth transfer, insurance and business succession planning among its services.
“Building upon the 70 years of trust and integrity of Coastal Community Credit Union, and complementing our current wealth advisory services, Private Wealth Group is strategically positioned to provide sophisticated advice and solutions for high net-worth individuals and their families,” says Don Tamelin, vice president of the Private Wealth Group.
In this venture, Credential Financial will continue to help the credit union produce tailored wealth management solutions and participate in the development of its wealth management strategy.
“Having worked closely with Coastal Community to build a differentiated offering for its member base, we are thrilled to see the Private Wealth Group come to life,” says Kim Thompson, senior vice president, advisory services at Credential Financial.