PWL Capital Acquires TCM Financial Studio, Accelerating Growth of Client-First Wealth Management in Canada.
Acquisition signals next chapter in PWL’s mission to reshape Canada’s independent advisory landscape.
Montreal, QC – July 2, 2025 – PWL Capital (PWL), one of Canada’s leading independent wealth management firms, today announced it has acquired TCM Financial Studio (TCM), a boutique advisory practice based in Regina, Saskatchewan, renowned for its highly personalized service and innovative planning for physicians, incorporated professionals, and families nationwide. This acquisition marks a significant step forward in PWL’s long-term strategy to grow its independent advisory footprint across Canada, bringing together firms that share a commitment to client-first wealth management.
Led by Taylor and Connor Hewson, TCM has earned a reputation for delivering innovative, client-first wealth strategies rooted in trust, transparency, and long-term relationships. Their approach aligns with PWL’s mission to transform the financial landscape through truly independent advice.“We are thrilled to welcome TCM into the PWL family,” said Cameron Passmore, CEO, PWL. “This acquisition is not just about growth; it’s about aligning with firms that share our vision of a healthier, more equitable financial system. Together, we will continue to strategically select other like-minded firms to join us in this mission.”
As one of the few firms challenging the dominance of bank-led advisory models, PWL offers a unique alternative – one centered on transparency, fiduciary responsibility, and evidence-based investing. Through robust content such as the Rational Reminder podcast, ranked as a top business and investing show in Canada, PWL is also building a trusted voice in the broader financial conversation. “Our clients trust us to remain relentlessly client‑focused,” added Connor Hewson and Taylor Hewson of TCM Financial Studio. “PWL shares our values. Joining forces lets us preserve our culture while delivering even greater resources, research, and technology to the families we serve.”
This marks the first in a series of strategic partnerships PWL plans to pursue—focused on uniting independent firms committed to transforming how Canadians experience financial planning and investment advice.
About PWL Capital
Founded in 1996 in Montreal, Canada, PWL is an independent boutique retirement and wealth firm that offers holistic, full-service wealth management expertise to Canadians. For over 25 years, PWL has offered wealth management services, integrated investment management, and financial planning services (tax, retirement and estate strategies) with offices in Ottawa, Montreal, and Toronto. For more information, visit pwlcapital.com.
Portfolio Management and brokerage services are offered by PWL Capital Inc., which is regulated by Canadian Investment Regulatory Organization (CIRO), 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 Regulatory Authority of Ontario (FSRA) and in Quebec by the Autorité des marchés financiers (AMF). PWL Advisors Inc. is not a member of CIPF.
About TCM Financial Studio
Founded in 2013, TCM Financial Studio is a wealth management firm rooted in three generations of service and care. Continuing the mission established by their father and grandfather, Taylor and Connor Hewson offer a personalized, forward-thinking approach to financial planning. Working for clients throughout Canada and across a range of industries, including physicians and their professional corporations. TCM crafts and curates financial plans that help clients adapt to the changing times while moving toward their future goals. With a strong focus on client satisfaction, TCM has built a reputation for excellence in the wealth management industry.
