Private Asset Management recognizes CIBC Private Wealth, US with prestigious investment award
CIBC announced that its U.S. Private Wealth Business has received Private Asset Management’s (PAM) Best High Net-Worth Investment Platform award. The firm remains PAM’s most awarded firm in the industry over the past 12 years.
Private Asset Management recognizes CIBC Private Wealth, US with prestigious investment award CHICAGO, February 13, 2023—CIBC today announced that its US Private Wealth Business has received Private Asset Management’s (PAM) Best High Net-Worth Investment Platform award. PAM, a leading financial services industry trade publication, announced the award on February 9 at a ceremony in New York City.
“It is with great pleasure that we accept PAM’s Best High Net-Worth Investment Platform award once again,” said John S. “Jack” Markwalter, Jr., CEO of CIBC Private Wealth, US.
“This industry recognition demonstrates the strong, innovative leadership of our CIO David Donabedian, CFA, and the dedication of our 70-person-strong investment team. I am proud of their focus and perseverance as they guided clients through a very challenging 2022. The unique combination of the team’s experience, commitment to thorough and unbiased analysis, and unified objective of outperformance are the cornerstones of our investment offering.”
CIBC Private Wealth remains PAM’s most awarded firm in the industry over the past 12 years.
“This award is also a testament to our firm’s commitment to delivering the highest-quality client experience as we help make our clients’ ambitions real,” said Markwalter. PAM, which launched its award program in 2011, annually invites firms across the US to compete for awards in several categories that are reviewed by a panel of independent industry experts.
PAM considers the following criteria when selecting the winners of these awards:
- Financial progress: Candidates must be able to demonstrate performance track records over the course of the last 12 months.
- Growth: Client numbers, internal hires and geographic expansion
- Client satisfaction: Provide evidence of client satisfaction
- Product innovation: Details of new services and products launched over the course of the year prior to the year the award is given.
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