Clearing, settlement and custody provider touts customization capabilities. Vancouver, Canada-based Nicola Wealth Management has selected Penson Financial Services to act as custodian of its proprietary pooled funds, which is says are designed specifically to meet the needs of its high-net-worth clients.

"We have found a service provider that shares our exacting levels of professionalism and integrity, with a strong focus on service and technology," says Nicola's COO Jamie Duncan. "Penson's industry knowledge, technical expertise, and entrepreneurial mindset promise to help us deliver the high-level service our clients require."

Peas in a pod

Nicola provides a range of financial services to private investors and high-net-worth individuals. To support its clients, Nicola relies upon a network of external professional relationships that enhances the professional services offered as well as the technological aspects of the business. This lets Nicola concentrate on its core task of providing its clients with comprehensive and integrated planning services.

Penson says it provides customized solutions that are economically attractive to its customers, making it the choice for a wide variety of Canadian financial institutions.

"Instead of offering a one-size-fits-all package, Penson uses its flexibility to provide customized packages of services [that] allow clients to conduct their business according to their specific needs and business model -- precisely the way in which Nicola approaches its business," says John Skain, president of Toronto-based Penson Financial Services Canada. -FWR

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