At PWL Capital, we’re on a mission to change the way Canadians invest. We take the guesswork out of managing your portfolio.

No fads. No guesswork. No drama.

Who We Are

PWL Capital is a privately owned wealth management firm that manages more than $1 billion in client assets. PWL provides discretionary portfolio management services with integrated financial planning from offices in Montreal, Toronto, Ottawa and Waterloo.

What We Do

Premium Ongoing Service

Our clients benefit from semi-annual performance reporting, regular meetings, financial planning, and systematic rebalancing.

Unbiased Financial Advice

We are paid directly by our clients, so our advice is never influenced by commissions or incentives from financial products.

Science-based Portfolio Management

We focus on what we can control: selecting an asset mix, managing risk, minimizing fees and taxes, and encouraging discipline.


Transformation in the Swap Market

By: Raymond Kerzérho · November 24, 2015 - 0 comments

A recent piece published by Bloomberg highlights a major change in the pricing of Interest Rate Swaps (IRSs). While these financial instruments fly under the radar of most individual investors, they play a major role in the management of large financial institutions. In an unprecedented move, the so-called “swap spreads” have turned negative in the U.S. and the U.K. The Bloomberg article goes so far as to suggest that negative swap spreads “may ultimately cause investors and borrowers to lose confidence in the bond market’s ability to correctly price risk…”

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Portfolio Management and brokerage services are offered by PWL Capital Inc, which is regulated by Investment Industry Regulatory Organization of Canada (IIROC), and is a member of the Canadian Investor Protection Fund (CIPF).

Financial planning and insurance products are offered by PWL Advisors Inc., and is regulated in Ontario by Financial Services Commission of Ontario (FSCO) and in Quebec by the Autorité des marchés financiers (AMF). PWL Advisors Inc. is not a member of CIPF.