Aviso Wealth

Credential, Qtrade and NEI to merge and create Aviso Wealth

Credential Financial announced its intent to merge with Qtrade and NEI to create Aviso Wealth, a Canadian financial services leader in wealth management services. Aviso Wealth is the result of a partnership involving Desjardins Group, The Co-operators (through CUMIS) and the vast majority of credit unions across Canada.

Aviso Wealth will benefit Vancity members

With the merger, members will have access to a more integrated range of competitive products and services that not only address your evolving financial needs but also reflect the unique values and member experience you expect from Vancity.

Aviso Wealth will benefit Canada’s cooperative sector

The new company brings together key players in Canada’s cooperative sector: Desjardins Group, the Provincial Credit Union Centrals and CUMIS. This will strengthen the credit union network by being in a better position to meet the wealth management needs of members with support of one of Canada’s largest independent wealth management firms.

Aviso Wealth will be a major, full-service wealth management provider

The merging of the three companies will result in an even stronger organization, with greater potential for growth, profitability and innovation than each company could achieve on its own. With $50 billion in assets under administration, it will be well-positioned to compete in today’s changing market with notable strengths in investment management, online brokerage, mutual funds, asset management and correspondent services.

I currently have a Credential account, what’s going to change for me?

In short, nothing will change immediately. Until the merger is approved by the regulators and the Competition Bureau of Canada over the next 75-90 days, it’s business as usual for everyone. This means nothing changes in our current relationship with you or your investments, and we will continue to provide you with the best investment products and services to meet your needs. Any invested money stays in the same account in the immediate future. Same goes for any fees you pay on your accounts.

Should there be any future changes to your Credential account, we will be informing you at that time. Note your current relationship with your Vancity wealth management professional will not be affected throughout this transition.

If you have any additional questions, please check out our FAQs, contact your Vancity wealth management professional, or call 604.829.5560 to speak to a Wealth Planner.