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David L. Donbedian, CFA®, receives Lifetime Achievement Award. Criteria used included delivery of client objectives through risk-adjusted performance, quality of tax, estate, and other services to meet the needs of HNW/UHNW.
CIBC Private Wealth, US, awarded Best Multi-Family Office for fourth time by Private Asset Management;
David L. Donabedian, CFA, receives Lifetime Achievement Award
NEW YORK, NY, FEBRUARY 25, 2026—CIBC Private Wealth, US, a relationship-focused firm offering tailored wealth management solutions, has once again been honored with the Best Multi-Family Office (MFO) over $25B award by Private Asset Management (PAM), marking its fourth such recognition. PAM, a leading financial services industry trade publication, announced the awards earlier this month at a ceremony in New York City.
CIBC Family Office provides comprehensive, personalized wealth management for ultra-high-net-worth, multi-generational families, typically with over $50 million in assets under management. The firm’s dedicated team delivers expert investment management, thoughtful wealth planning, tailored banking services, and support across personal financial management, fiduciary services, entity oversight, and philanthropy. With a focus on long-term relationships and understanding each family’s unique needs, CIBC Family Office helps clients achieve their goals and sustain their legacy across generations.
“Receiving the Best Multi-Family Office award from PAM reflects the outstanding leadership and unwavering commitment to superior client service and excellence demonstrated by Scott Thompson, President of CIBC Family Office, and his team,” said John S. “Jack” Markwalter, Jr., CEO of CIBC Private Wealth, US. “CIBC Family Office’s principled approach, innovative mindset, and integrated technologies empower high-net-worth and ultra-high-net worth families to realize the full potential of their wealth.”
Additionally, David L. Donabedian, CFA, Managing Director and Senior Investment Strategist, received PAM’s Lifetime Achievement Award in recognition of his extensive contributions to the wealth management industry. During Donabedian’s tenure as Chief Investment Officer for CIBC Private Wealth from 2009–2024, and as co-CIO with Gary Pzegeo in 2025, he made a profound and lasting impact on the firm’s people, clients and culture. He built a talented investment team of over 80 professionals, including more than 35 CFA® charterholders and 30 with master’s degrees, and drove impressive overall platform growth. His leadership contributed to industry-leading client retention and satisfaction, and fostered a collaborative, high-performing culture across the organization.
“This Lifetime Achievement award for Dave Donabedian is a tribute to his outstanding leadership, mentorship and commitment to client-centric values that have shaped both our firm and the broader industry,” continued Markwalter. “We are proud to honor Dave’s legacy and congratulate him on this well-deserved recognition.”
Last year, Linda Beerman, Head of Wealth Strategies for CIBC Private Wealth, was also honored with PAM’s Lifetime Achievement Award, further underscoring the firm’s commitment to leadership and excellence in wealth management.
Since the launch of PAM’s award program in 2011, CIBC Private Wealth, US, has established a standard of excellence, reflected in the quality of service and dedication clients experience. The firm has now earned a total of 20 awards and received high commendations in three additional categories, making it the most awarded firm in the program’s history.
PAM annually assesses firms across the US that compete for awards in several categories, with entries reviewed by a panel of independent industry experts. PAM considers criteria including financial progress, growth, client satisfaction, and product innovation when selecting winners.
Disclosures
2026, Private Asset Management, “Best Multi-Family Office $25bn and over.”
February 5, 2026. The detailed information provided by CIBC Private Wealth for “Best Multi-Family Office $25bn and over” award included information on both internal and external strategies. The firm was one of six shortlisted for this award, and was the only firm to win this award. Criteria used included delivery of client objectives through risk-adjusted performance, quality of tax, estate and other services to meet the needs of HNW/UHNW clients, and client service demonstrated through client testimonials with information provided as of October 2025.
2026, Private Asset Management, “Lifetime Achievement.”
February 5, 2026. David L. Donabedian, CFA, was the recipient of the Lifetime Achievement award and was one of eight candidates shortlisted. The award recognizes an individual working in the private client industry with information provided as of as of October 2025.
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