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MARKHAM, ON / ACCESSWIRE / June 22, 2023 / Worldsource Securities Inc. (WSI) a 5-Star brokerage* today announces a partnership with Envestnet, a leading provider of intelligent systems for wealth management, to provide WSI advisors with access to a unified managed platform that supports Portfolio Managers and Managed Account Programs such as Unified Managed Accounts (UMA).
"We are extremely excited to take the next step in our evolution as a leading Canadian brokerage. We are now well along the path of building a wealth service offering that provides advisors with their choice of investment solutions along all phases of the wealth continuum" says Richard Rizi, Vice President Investment Services at Worldsource.
Once integrated with the Envestnet platform, WSI will join the select few Canadian brokerages with the infrastructure required to offer a UMA program. The Envestnet platform will also allow WSI Portfolio Managers to integrate their bespoke model portfolios into their client relationships and realize the business efficiencies required to both scale their business and bring value to their high net worth client relationships.
"It is this singular commitment to building a Wealth Service offering that leverages data, digital tools and technology that we believe sets us apart in the Investment Dealer landscape" says Doce Tomic Chairman and CEO, Worldsource, "and our work and commitment to engaging our Advisors in this enterprise will never stop."
Envestnet Head of Institutional Business Development Michael Ferraro added that "The innovative, intuitive technology powering the Envestnet unified managed platform gives Worldsource a powerful tool with which to drive their business forward and get out in front of a fast-evolving industry."
*Wealth Professional 2022 5-Star Brokerage Report
June 22, 2023
About Worldsource Wealth Management
Worldsource Wealth Management (WWM) is a fully integrated wealth management company focused on supporting Financial Advisors and building financial prosperity for Canadians. WWM is a wholly owned subsidiary of Desjardins Group, the leading financial cooperative in North America with over 100 years of dedication to the people and communities they serve. WWM is comprised of Worldsource Financial Management Inc., a mutual fund dealer and Worldsource Securities Inc. an investment dealer that are divisions of Worldsource Group of Companies Inc., operating as Worldsource Wealth Management.