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Blogs

PAM recognizes CIBC Private Wealth for 10th consecutive year

Jack Markwalter

February 16, 2021

On February 10, CIBC Private Wealth Management received its 11th investment-related Private Asset Management Award.

We are pleased to announce that CIBC Private Wealth won the Best Private Wealth Manager Over $5 billion – Performance award for the 2nd consecutive year at the 2021 Private Asset Management (PAM) Awards ceremony, which was held virtually last week. We consider this to be the most prestigious award in PAM’s private wealth category, as it recognizes the firm’s overall accomplishments towards our priorities, as well as our strong investment performance.

Additionally, the firm was highly commended in the Best Multi-Family Office – Over $20bn category. Tricia Bannan, CFA, was also highly commended as Manager or Investment Research Professional of the Year for her instrumental role in the cultivation of the investment team’s philosophy, process and culture. We’ve now achieved 11 investment-related PAM awards and remain PAM’s most awarded firm in the industry over the past 10 years.

The PAM Awards recognize the top investment professionals, wealth advisers, legal firms, consultants and other key service providers in the private asset management space. PAM, which launched its award program in 2011, annually invites firms 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.
     

It is an honor to be awarded by Private Asset Management once again. These awards represent another major acknowledgement of our firm’s unwavering commitment to investment excellence. It also validates the ongoing support we receive from our clients, intermediaries, and most of all, our great team.

We are very proud of all the people at CIBC who made this award possible and everyone who contributes daily to the ongoing success of our firm. Being recognized by industry-leading publications like PAM is a remarkable acknowledgment of our firm’s commitment to delivering the highest-quality client experience.

 

Jack Markwalter is chief executive officer of CIBC Private Wealth Management in the U.S., a division of CIBC.  Jack serves on CIBC Private Wealth’s Operating Committee as a member of the executive leadership team and on CIBC’s U.S. Executive Committee. He also serves as chairman of several of the entities within CIBC Private Wealth: CIBC National Trust Company, CIBC Delaware Trust Company, CIBC Private Wealth Advisors, Inc. and CIBC Private Wealth Group, LLC.

 

2021,  Private Asset Management, “Best Private Wealth Manager Over $5B–Performance”
In 2021, the detailed information provided by CIBC Private Wealth for “Best Private Wealth Manager–Performance” award included information on both internal and external strategies. The firm was one of three shortlisted for this award, and was the only one to win. Criteria used included delivery of client objectives through risk-adjusted performance and commercial success and asset/client growth.

2021,  Private Asset Management, “Best Multi-Family Office Over $20B” Highly Commended
In 2021, the detailed information provided by CIBC Private Wealth for “Best Multi-Family Office Over $20B” award included information on both internal and external strategies. The firm was one of four shortlisted for this award, and was highly commended. 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.

2021, Private Asset Management, “Manager or Investment Research Professional of the Year” Highly Commended.
In 2021, the detailed information provided by CIBC Private Wealth for “Manager or Investment Research Professional of the Year” award included information on both internal and external strategies. Tricia Bannan was one of twelve shortlisted for this award, and was highly commended. To qualify the individual must be a manager of investment research professional at a wealth manager, private bank or family office who was active in the 12 months to July 31, 2020 and demonstrates a positive impact on client outcomes.

Rankings, ratings or awards may not be representative of any specific client's experience. Any reference to a ranking, rating or an award provides no guarantee for future performance results and is not constant over time.