National Bank of Canada (TSX:NA) and Montrusco Bolton Investments report they have finalized an agreement that will see the Private Wealth Management Customer Service division of Montrusco Bolton in Quebec and Ontario join National Bank’s Private Wealth 1859 division.

“All Montrusco Bolton private wealth clients will continue to benefit from the services previously offered by their advisors who have joined the Private Wealth 1859 team, as well as those offered by Private Wealth 1859 professionals and all experts at National Bank Financial Group. Montrusco Bolton’s institutional managers will join the team of exclusive external managers of the Private Wealth 1859 offering, a vote of confidence in Montrusco Bolton,” says Luc Paiement, executive vice president — wealth management, National Bank Financial Group.

“For more than 60 years, the mission of Montrusco Bolton Investments has been to offer its clients customized, quality investment solutions. Guided by this philosophy, our decisions have always been in the best interests of our clients. This unique agreement, which upholds this philosophy, offers our clients continuity and the advantages that a solid, reputable financial institution like National Bank Financial Group can provide,” stated Sylvain Boulé, President and CEO of Montrusco Bolton Investments.

Montreal-based Montrusco Bolton Investments Inc. will now pursue its activities as portfolio manager with a mostly institutional clientele or as a sub-advisor for large distribution networks of financial products, including National Bank Financial Group.

Since it was created a little over a year ago, National Bank’s Private Wealth 1859 has offered exclusive services and advice for all wealth management activities to affluent individuals and their families. In the summer of 2010, National Bank Trust’s activities were combined with those of Private Wealth 1859 in order to offer high net worth clients a wider, consolidated range of services.

With the Montrusco Bolton agreement, Private Wealth 1859 will boast more than 175 employees, thousands of clients, and an even more attractive selection of personalized services to enhance the overall satisfaction of National Bank’s high net worth clients.

The agreement remains subject to regulatory approval.

IE