Deal is the first of several strategic partnerships for the wealth manager
PWL Capital has taken a decisive step in its growth strategy with the acquisition of TCM Financial Studio.
The independent wealth management firm has built its business over 25 years and has offices in Ottawa, Montreal, and Toronto. The acquisition adds the boutique advisory practice based in Regina, Saskatchewan that focuses on physicians, incorporated professionals, and families across the country.
For TCM’s leaders Taylor and Connor Hewson, joining PWL means expanding without compromising on values.
“Our clients trust us to remain relentlessly client-focused,” they said. “PWL shares our values. Joining forces lets us preserve our culture while delivering even greater resources, research, and technology to the families we serve.”
PWL positions itself as a challenger to the dominance of bank-led advisory models, offering a distinctive approach rooted in transparency, fiduciary duty, and evidence-based investing. The firm also invests in education and thought leadership, producing resources such as the Rational Reminder podcast, one of Canada’s top-ranked business and investing shows.
Earlier this year, PWL announced that it was being acquired by US financial services firm OneDigital and would be operated as a 100% owned independently operated subsidiary. Its advisors were reassured that nothing would change in terms of how the business is run or its values.
The TCM acquisition is the first in a planned series of strategic partnerships for PWL, each aimed at bringing together independent firms committed to transforming the way Canadians experience financial planning and investment advice.
“This acquisition is not just about growth; it's about aligning with firms that share our vision of a healthier, more equitable financial system,” said Cameron Passmore, CEO of PWL. “Together, we will continue to strategically select other like-minded firms to join us in this mission.”
