The PWM team is deep with financial services experience and is led by a seasoned Chartered Accountant who also serves as the Compliance Officer along with a highly experienced investment professional with CIM and FCSI credentials.

Owen B. Menzel, CA, CPA

Mr Menzel is Chief Executive Officer and Chief Financial Officer of PWM Capital. He is responsible for establishing PWM Capital as an independent Type 2 Introductory Broker from its roots as a division of Penson Financial Services Canada in 2005.

Mr Menzel experience includes 15 years as a Partner with Ernst & Young in Canada.

Over the last 10 years, he has been involved in a number of companies as a financial executive and board director. His roles included; buying, selling and exiting businesses, business refinancing and restructuring, tax planning and compliance, preparing quarterly and annual public and regulatory disclosures, controlling regulatory capital, and improving management reporting.

In 1998 Mr Menzel was appointed Chief Financial Officer of C.M. Oliver where he was actively involved in monitoring regulatory capital and participated in the sale of the two operating units. A few years after C.M. Oliver, Mr Menzel took on the role of President, Chief Operating Officer and Compliance Officer of Monarch Delaney Financial Partners Inc., a financial advisory company.

Owen Menzel is a member of the Ontario Institute of Chartered Accountants and a Director and CEO of Ziplocal.

Mr. Menzel can be contacted at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Armand Arton, CIM, FCSI

Mr Arton is Vice President and Director, Immigrant Investor Division of PWM Capital. He is responsible for leading the operation of PWM’s International Investment business with a particular emphasis on the Quebec based Immigrant Investment Program (IIP). He is also responsible for the wealth management of landed immigrants as they seek to effectively invest from their new place of residence.

Mr Arton has built a solid reputation in the Financial Services sector having worked in some of the countries leading institutions. His background includes several years working in the investment field, primarily in the private client area.

He started his career with the National Bank of Canada, and progressed to an Assistant Vice President role at BMO Nesbitt Burns. In 2003 Mr Arton joined Hampton Securities where he became the Executive Director for their Immigrant Investor Division. In 2006, he founded the Financial Advisory Firm, Arton Capital, a leading specialist in helping international business people and their families immigrate to Quebec, Canada as permanent residents.

Arton Capital has extended their knowledge of the Immigrant Investor Program concept to the Bulgarian Government, and has developed a program which allows investors to obtain Bulgarian- EU Residency and Citizenship.

Armand Arton received his B.B.A. form HEC in Montreal and a Diploma of International Baccalaureate in Economics (I.B.) from College Jean-de-Brebeuf.

Mr. Arton is also registered Consultant Lobbyist with the Government Authorities. His professional titles include; Certified Investment Manager and a Fellow of the Canadian Securities Institute, the most senior financial services designation available in the Canadian marketplace.

Mr. Arton can be reached at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Reynald Lepine, Associate Director

Mr. Lepine began his career as a tax consultant to become a senior tax manager of a large Canadian accounting firm for 12 years. He founded the Quebec Immigrant Investor Program (“QIIP”) for a Quebec Securities firm and ran it for 12 years. From there, he joined a major Canadian Bank where he also headed the QIIP division. He graduated with a BA in Economy from University of Montreal and has a Masters Degree in Taxation from Sherbrooke University. During his career Mr. Lepine has monitored more than 1000 Immigrant investor files.

Mr. Lepine can be reached at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Nicolas Salerno, Coordinator

Mr. Salerno has an extensive experience with complex managerial issues in multiethnic environments. His career started in Monaco helping high net worth investors with tax issues and fiscal optimization. His professional and academic education in Finance and Operations Management combined with his managerial skills empowered our trust in his abilities to serve our client base.

Mr. Salerno can be reached at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .