Latest addition to financial firm's portfolio expands core capabilities in ultra-high-net-worth segments
Guardian Capital has completed its previously announced acquisition of BNY Mellon Wealth Management, Advisory Services (WMAS).
The company said the newest entity under the Guardian umbrella will be renamed Guardian Partners Inc. (GPI), aligning with the strength of its brand and commitment to partnerships.
“We believe that the addition of Guardian Partners is an exciting opportunity to enhance our offering and commitment to the ultra-high-net-worth and family office segments,” said Guardian President and CEO George Mavroudis in a statement. “Our shared values and comparable high standards give me great confidence regarding how we will manage the stewardship of our clients’ needs moving forward, while spearheading our drive to grow the organization.”
Expanding on its parent company’s core wealth management capabilities, (GPI) presents a new foothold for expansion for the company to grow its market presence in the ultra-high-net-worth, family office, endowment, and foundations segments. GPI’s experienced team is also expected to enhance Guardian’s wealth management offering for both existing and new clients.
Anthony Messina will be taking on the role of president of GPI while retaining his position as head of Private Wealth at Guardian. Doce Tomic will stay on as head of Wealth Management at GPI, and will assume the additional responsibility of being its chairman.
“The combination of WMAS and Guardian represents an exciting new chapter for our clients and employees,” said Jaz Gill, COO of BNY Mellon Wealth Management, Advisory Services, Inc. “We are confident in GPI’s commitment and ability to meet the investment and OCIO needs of clients now and in the future.”
Over the past year, Guardian Capital has also broadened its U.S. wealth management footprint with an agreement to snap up a 70% stake in Virginia-based Agincourt Capital Management, which it finalized in October.
