Vancouver-based Credential Financial Inc. announced on Friday that it has surpassed $30 billion in assets under administration (AUA) as it marks its 25th anniversary in business.
“As we embark on our next chapter, we’ll continue to provide our partners with the innovative tools and technology they need to succeed and compete effectively,” says Doce Tomic, Credential’s president and CEO, in a statement.
Credential, a wealth-management services firm has partnerships with approximately 200 credit union organizations and 1,500 advisors on both the Mutual Fund Dealers Association of Canada and the Investment Industry Regulatory Organization of Canada platforms, saw its AUA grow by a whopping 246% to $30.2 billion this year from $8.75 billion in 2009.
“Reaching this milestone is a powerful example of what 25 years of collaborative efforts between Canadian credit unions and their wealth partners can achieve,” says Russell Fast, Credential’s chairman of the board, in a statement.