Strategy
Canadian Bank Strikes Advisory Deal With MSSB

Bank First, part of Canada's First Manitowoc Bancorp, has partnered with Morgan Stanley Smith Barney in a deal that gives the bank's customers access to MSSB's investment advisory services.
The new alliance takes effect immediately, with MSSB providing investment advisory services to Bank First customers whose investment management accounts were previously held through BFN Asset Management. Bank First customers will also have continued access to MSSB's brokerage services.
Shortly before finalizing this deal, Bank First partnered with Legacy Private Trust Company to bolster its offering to fiduciary clients, effective 1 November 2011.
Bank First has 12 branches across Canada, each offering loan, deposit, investment advisory and trust products. Trust, investment advisory and other related financial services are offered through its wealth management division.