Editing CIBC Wealth Management

{{Short description|Division of the Canadian Imperial Bank of Commerce}}
{{Disputed|date=May 2017}}
{{Infobox company
| name                = CIBC Private Wealth
| logo                = 
| logo_caption        = 
| logo_alt            = 
| type                = [[Subsidiary]]
| former_name         = [[Wood Gundy]], CIBC Wealth Management
| industry            = [[Financial services]]
| founded             = <!-- if known: {{Start date and age|YYYY|MM|DD}} in [[city]], country -->
| hq_location_city    = [[Toronto]]
| hq_location_country = [[Canada]]
| key_people          = 
| products            = [[Wealth management]]
| num_employees       = 
| num_employees_year  = <!-- Year of num_employees data (if known) -->
| parent              = [[Canadian Imperial Bank of Commerce]] (CIBC)
| website             = {{URL|https://www.cibc.com/en/private-wealth.html}}
}}

'''CIBC Private wealth''' is the [[brokerage firm|brokerage]] division of the [[Canadian Imperial Bank of Commerce]] (CIBC). 

CIBC prefers to use phrases like "wealth-building" and "wealth management" to describe its [[investment]] services. Like most banks, their financial products include [[stock]]s, [[Bond (finance)|bonds]], [[mutual fund]]s, managed [[Portfolio (finance)|portfolios]], [[Guaranteed Investment Certificate|guaranteed investments]], and [[Credit (finance)|credit]]. And like most retail businesses, they give free advice to their customers on what to buy.<ref>{{cite web |url=http://www.cibc.com/ca/pdf/investor/annual-report-03.pdf |title=CIBC annual report 2003 |date=December 24, 2003 |publisher=CIBC}}</ref>

== History ==
In 2003, the division was called ''CIBC Wealth Management'' and managed $193 billion in client assets and made $205 million of profit.

Until 2014, Wealth Management was headed by Gerald T. McCaughey, Chairman and [[Chief executive officer|Chief Executive Officer]], CIBC World Markets and Vice Chair for Wealth Management. On July 31, 2014, [[Canadian Imperial Bank of Commerce|CIBC]] announced the appointment of Victor Dodig as President and CEO which took effect on September 15, 2014.<ref>{{cite news |url=http://business.financialpost.com/executive/cibc-insider-victor-dodig-to-succeed-gerry-mccaughey-as-chief-executive-in-september |title=CIBC insider Victor Dodig to succeed Gerry McCaughey as chief executive in September |date=July 31, 2014 |publisher=Financial Post |last=Barbara |first=Barbara }}</ref>

This division was once called [[Wood Gundy]] and was once the biggest performing unit for CIBC.

== References ==
{{reflist}}

[[Category:Canadian Imperial Bank of Commerce]]