Worldsource Financial Management Inc.

Worldsource Financial Management Inc.

December 05, 2007 16:36 ET

Worldsource Announces Partnership With Coast Capital Savings

MARKHAM, ONTARIO--(Marketwire - Dec. 5, 2007) - Worldsource Financial Management Inc. ("WFM"), one of Canada's leading mutual fund dealers, announced today that it has reached an Agreement in Principle with Coast Capital Savings ("CCS") to provide mutual fund dealer services to the credit union.

In addition, Worldsource Insurance Network Inc. ("WIN"), a leading managing general agency (MGA) and sister company to WFM, will provide life insurance services to Coast Capital Savings. The Agreement in Principle, is conditional upon the signing of a definitive agreement, receiving the appropriate regulatory approvals, and to certain other conditions.

"Worldsource prides itself on being a leader in the financial advisory sector. We continue to build upon our integrated wealth management platform offering advisors and their clients independent choice and service excellence." said Paul Brown, Chairman and CEO of WFM and President, WIN. "We are excited about this opportunity and we look forward to a new relationship with Coast Capital that will support the growth of both organizations."

Lloyd Craig, President and CEO of Coast Capital Savings, said the alliance will benefit the credit union system as a whole.

"A key element of Coast Capital Savings' expansion strategy is to accelerate the profitable growth of our Investment Services business and we are confident this will be achieved through our partnership with Worldsource." Craig said. "We see this as an investment in the credit union industry as it creates healthy competition, opportunity and choice for credit unions looking to improve their service to members and grow their business."

About Worldsource Financial Management Inc.

Worldsource Financial Management Inc. is a mutual fund dealer that provides a wide range of innovative services to support its independent advisor network. With more than 500 independent mutual fund representatives, Worldsource Financial Management has more than $5 billion of assets under administration, and affiliates which include a Managing General Agency, Worldsource Insurance Network, and a securities dealer, Worldsource Securities Inc. Worldsource is a subsidiary of Guardian Capital Group Limited (TSX : GCG and GCG.A). To learn more, visit

About Worldsource Insurance Network Inc.

Worldsource Insurance Network (WIN) is a well-established Managing General Agency in Canada serving over 600 insurance advisors since its inception in 1997. WIN is committed to a high level of service, underwriting and marketing support for our advisor network. WIN is an integral part of Worldsource's vision of an integrated Wealth Management Platform designed specifically for truly independent financial advisors. To learn more, visit

About Coast Capital Savings

Coast Capital Savings is Canada's second largest credit union with $9 billion in assets, 360,000 members and 49 branches in the Lower Mainland and Vancouver Island. Innovative products from Coast Capital include Canada's first truly free chequing account from a full-service financial institution and the first unlimited business banking account in the country. The credit union is one of Canada's 50 Best Managed Companies and 50 Best Employers and is recognized by Imagine Canada as the top corporate citizen in the nation's financial services industry. To learn more, visit

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