ATB Financial opens first office outside of Alberta | General financial discussion | Discussion forum

Link: https://www.atb.com/company/news/releases/atb-wealth-new-location-kelowna/

ATB Financial's ATB Wealth division has opened ATB Financial's first office location outside of the province of Alberta, in Kelowna, B.C. While the firm is primarily a mutual fund distributor and full-service investment brokerage and counselling operation, it may also offer third-party deposits (i.e., as a deposit broker). It is, nonetheless, interesting, as I suspect we may see them open offices in other provinces and, potentially, expand their services to include mortgage broker services.

ATB Financial continues to grow within Canada, with nearly $60 billion in asset under management (AUM), more than 20% larger than Laurentian Bank, and three times the size of Manulife Bank. It is more than twice the size of Canada's currently largest credit union, Vancity, and also about twice the size of another Alberta-based financial institution, Canadian Western Bank.

Cheers,
Doug