CIBC Private Wealth Management

It is a division of Canadian Imperial Bank of Commerce (CIBC), a Toronto-headquartered, publicly traded Canadian bank. CIBC consolidated its US wealth operations significantly with the 2017 acquisition of Atlantic Trust, a Boston-based wealth manager. The division operates under CIBC's broader wealth management segment.

Bank ownership provides permanent capital, institutional-grade credit capacity, and internal access to trading desks and lending products that independent RIA firms must source externally. However, the bank's regulatory obligations under OSFI and US banking regulators also impose capital and compliance structures that differ from those of independent fiduciaries.

The firm primarily uses a manager-of-managers and fund-of-funds framework for alternative assets, including private equity and hedge funds. Direct co-investment opportunities are available to qualified clients and are structured on a case-by-case basis.

The firm serves high-net-worth individuals, family offices, endowments, foundations, and select institutional investors. The US client base is concentrated in major metropolitan areas where the firm maintains offices, including Boston, New York, Chicago, and Los Angeles.

CIBC reports wealth management assets at the segment level, which totaled approximately C$300 billion across all channels — US private wealth, Canadian retail brokerage, and asset management. The firm does not publicly separate AUM attributable solely to the US private wealth division.

CIBC Private Wealth Management provides trust administration, estate planning, and fiduciary services through its US trust charter. This capability is integrated with the firm's investment management and family governance advisory services, a structure that dates to the legacy Atlantic Trust business.

Manager sourcing relies on an internal research and due-diligence team, with access to institutional-quality fund managers across traditional and alternative strategies. Deal flow for direct private investments is relationship-driven, drawing on the bank's network and the team's existing GP relationships, though the firm does not publicly disclose its sourcing mechanics in detail.