HomeWealth ManagementWellington-Altus CEO weighs in on Canadian RIA marketplace

Wellington-Altus CEO weighs in on Canadian RIA marketplace


The Cynosure Crew, for instance, has a couple of 15 p.c stake in Wellington-Altus. The Salt Lake Town, Utah-based personal fairness participant first invested within the Winnipeg-based RIA in 2021. Nearly all of the remainder of Wellington-Altus’ stocks are held by way of its companions and greater than 830 staff.

Wellington-Altus was once based in 2017 and has since sprinted to almost CA$30 billion in AUM via natural and inorganic enlargement.

“We’ve an implausible long-term minority personal fairness spouse in The Cynosure Crew,” mentioned Hauser. “They have got the similar ambitions that we have got as a control workforce, which is enjoying the lengthy recreation, no longer being short-sighted, and doing what’s proper, no longer what’s simple.

“Once we began construction this factor, we would have liked a spouse that allowed us to proceed to appear 5 strikes forward,” he added. “We needed the power not to sway from our technique, and our personal fairness companions shared our imaginative and prescient and feature allowed us to proceed to execute regardless of any marketplace situation or pandemic that’s been thrown at us the final six years.”

A a hit funding consultant in Winnipeg previous to serving to discovered Wellington-Altus, Hauser has labored within the wealth control trade since 1998. He additionally labored for Wellington West, managing operations and gross sales for the asset control subsidiary. Maximum not too long ago, Hauser served at the govt committee of NBF Wealth Control, the place he was once vice chairman of consultant technique and improve.

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