PWL Capital buys TCM Financial Studio practice

Montreal’s PWL Capital Inc. is purchasing the Regina-based boutique advisory practice of TCM Financial Studio. The firm’s focus includes doctors, incorporated professionals and families — it brings $100 million in assets under management.

“We are thrilled to welcome TCM into the PWL family,” said Cameron Passmore, CEO of PWL in a media release. “This acquisition is not just about growth; it’s about aligning with firms that share our vision of a
healthier, more equitable financial system.”

Passmore said additional acquisitions are in the offing. “[W]e will continue to strategically select other like-minded firms to join us in this mission,” Passmore said.

Brothers Connor and Taylor Hewson are the third generation to operate family-run TCM Financial Studio. “PWL shares our values,” they said in the release. “Joining forces lets us preserve our culture while delivering even greater resources, research, and technology to the families we serve.”

PWL is a boutique retirement and wealth firm founded in 1996. In addition to Montreal, it has offices in Ottawa and Toronto.

This story has been updated to include the AUM figure.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.