CWB Trust Services, a wholly owned subsidiary of CWB Financial Group, has been appointed as a registered plans trustee for Questrade, the Canadian online brokerage. The appointment will be effective from spring 2022.
As part of the agreement, CWB Trust Services will act as a participating trustee for Questrade’s registered plans.
CWB Trust Services provides fiduciary expertise and acts as trustee for more than 1.5 million registered plan accounts, with assets exceeding US$90 billion in its registered plan trust division.
It also administers more than $14 billion in custody assets through its asset servicing group.
Bjorn Frohnsdorf, president of CWB Trust Services, says: “We are thrilled about our new relationship with Questrade. As we continue towards our goal of becoming the best mid-market custodian in Canada, we look forward to putting our three decades of trust and custody experience to work for Questrade’s diverse needs.”
Edward Kholodenko, president and CEO of Questrade, comments: “CWB Trust Services is an industry-leader in registered plan trustee and custodial services. Their innovative and personalised solutions will help fulfill our service requirements, add value and ultimately ensure our clients become much more financially successful and secure.”
