CM Investment Management Inc. has launched a new, separately managed investment service for exclusive distribution through CIBC Wood Gundy Investment Advisors.

CIBC Wood Gundy Investment Consulting Service combines two existing segregated investment-management programs with more than $4 billion in assets, making it one of the largest programs of its kind in Canada.

The new program will have access to investment managers from around the world. CIBC Oppenheimer Consulting Group, based in New York, in partnership with CM, will provide advice on the selection and monitoring of the managers in ICS.

“With access to superior due diligence expertise from both sides of the border, ICS offers investors a comprehensive approach to professional money management,” Sonia Baxendale, executive vice-president, CIBC Asset Management and Global Private Banking, said in a news release. “We believe this is the pre-eminent service of its kind in Canada.”

Investors choice of assets and investment manager proposal will be based on an independent needs assessment. There is also a quarterly portfolio review that includes a performance review of the investment managers chosen.

CM Investment Management is a member of the CIBC group of companies. It also manages the Renaissance family of mutual funds.