Cdn brokerage Desjardins opens multifamily office

FWR Staff

1 June 2007

Desjardins Private Counsel Group aims at small- and mid-mkt business owners. Canadian brokerage Desjardins Securities has opened a multifamily office in response to the expected sale of two thirds of Canada's small- and medium-size privately owned businesses in the next 10 years.

"Desjardins Private Counsel Group's offering is unique," says Yves Néron, head of Desjardins' private-client business. The effect of the offering, he adds, is to provide high-net-worth families -- especially those with the services of a private CFO.

The Desjardins multifamily office provides investment advice, financial and tax planning, business-transfer and succession-planning services, trust management, family governance, cash management and general ledger.

Desjardins Securities, a subsidiary of Montreal-based Desjardins Group, has more than $18 billion in client assets and around 300 brokers in Quebec and Ontario. -FWR