CIBC U.S. Private Wealth Management Wins Two 2020 Private Asset Management Awards

Dave Donabedian, CFA
February 24, 2020

On February 6, CIBC Private Wealth Management received its ninth investment-related Private Asset Management Award. We are extremely proud of this accomplishment and the recognition we’ve received from PAM since it launched its award program in 2011.

CIBC U.S. Private Wealth Management is pleased to announce that we received Private Asset Management (PAM) awards for Best High Net-Worth Investment Platform and Best Private Wealth Manager Over $5 billion—Performance. PAM, a leading financial services industry trade publication, announced the award on February 6 at a ceremony in New York.

This is the tenth consecutive year that CIBC Private Wealth Management has received recognition from PAM, and the ninth for the firm’s investment platform—six of which were for investment performance.

PAM Award - Best high-net-worth investment platform PAM Award - Best private wealth manager over $5bn

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 two awards represent another major acknowledgement of the creativity, strength, and performance results of  our investment management platform.

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. For more, please see the press release announcing this award.

 

Dave Donabedian is chief investment officer of CIBC Private Wealth Management, serving in that capacity since 2009. His responsibilities include chairing the Asset Allocation Committee, as well as providing oversight of internal investment strategies and the external manager selection platform.

 

In 2020, the detailed information provided by CIBC Private Wealth Management for “Best High-Net Worth Investment Platform” award included information on both internal and external strategies. The firm was one of four shortlisted for this award, and was the only one to win.

In 2020, the detailed information provided by CIBC Private Wealth Management for “Best Private Wealth Manager over $5bn - Performance” award included information on both internal and external strategies. The firm was one of four shortlisted for this award, and was the only one to win.

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.