Canadian Western Trust Company has set a new internal benchmark by surpassing $5 billion of assets under administration, the company said Thursday.

Based in Vancouver, CWT is a wholly owned subsidiary of Canadian Western Bank. CWT offers self-directed registered accounts and investment account services to independent financial advisors, mortgage brokers and individuals. It also provides corporate and group services to corporations that offer employee retirement and pension plans.

“At a time when challenging economic conditions are front page news, it is refreshing to announce that CWT continues to grow both assets under administration and its client base,” says Scott Scobie, General Manager of CWT.

“This, coupled with our move into the Ontario market, makes it a very exciting time for CWT and our clients,” he says.

IE