Penson, an independent clearing service provider, is an affiliate of Penson Worldwide, Inc.

Vancouver-based Nicola Wealth Management Ltd. provides a full range of comprehensive financial services to its client base of private investors and high net worth individuals.

Jamie Duncan, COO for Nicola said, “Penson’s industry knowledge, technical expertise, and entrepreneurial mindset promise to help us deliver the high-level service our clients require.”

“Clearing, settlement and custody are back office functions that are mostly transparent to the end customer, but a vital and fundamental step in the process,” said John Skain, president, Penson Financial Services Canada.

IE