Verecan Capital Management Inc. Launches Across Canada

The investment firm will maintain and expand upon the suite of services previously provided by White LeBlanc Wealth Planners (WLWP)

TORONTO--(BUSINESS WIRE)--Verecan Capital Management Inc. (“Verecan Capital”), a natural evolution from its predecessor White LeBlanc Wealth Planners (“WLWP”), is pleased to announce its official launch, following its registration with the securities commissions across Canada.

“Since its inception, the team has strived to always prioritize our clients' best interests and act independently of external influences,” said Colin White, President & CEO at Verecan Capital Management Inc. “By removing ourselves from the corporate agenda that is inherent in the more traditional broker–dealer model, our team can now focus on the work we want to do for our clients.”

While Verecan Capital is embracing independence, the firm’s commitment to meeting and exceeding the expectations and regulations of the securities commissions in the provinces where it operates remains unchanged.

In addition to maintaining this commitment as well as the current suite of services, Verecan plans to expand its offerings over time to provide clients with more comprehensive and tailored solutions through the Verecan Group of Companies.

“This strategic change represents a significant milestone for Verecan Capital,” adds White. "We are excited to embark on this journey of independence, allowing us to place an even greater emphasis on serving our clients' best interests. We remain dedicated to providing exceptional service and value, expanding our offerings, and ensuring the utmost safety and security of our clients' assets."

One of the immediate benefits of this transition is the reduction in the cost of investment pools, which has lowered client fees. The firm expects to identify further cost-saving opportunities with its new structure, enabling it to pass those savings on and enhance overall returns for their clients.

Verecan Capital has chosen Advisor Solutions by Purpose (ASP), a firm with shared values, including a dedication to delivering an exemplary client experience, to provide the cutting-edge technology and support needed to operate in a truly independent environment.

To ensure the safety and security of clients' assets, Fidelity Clearing Canada (FCC) has been selected to be the firm’s custodian. FCC, a subsidiary of Fidelity Investments, has over $69 billion in assets under administration in Canada as of January 2023. Backed by Fidelity Investments' global expertise and strength, FCC provides additional technological capabilities and robustness to safeguard clients' assets. Its membership in regulatory bodies further underscores its commitment to maintaining the highest industry standards.

About Verecan Capital Management Inc.:

Verecan Capital Management Inc. is composed of the team formerly known as White LeBlanc Wealth Planners and is an investment portfolio management firm dedicated to helping clients achieve their financial goals. With a client-centric approach and a commitment to integrity, Verecan Capital Management Inc. and the Verecan Group of Companies offers a range of comprehensive solutions tailored to meet clients' individual needs.