Deal adds CIRO-regulated dealer and GIC dealer to firm
The Harbourfront Group has made another acquisition to boost its capabilities and its assets under administration.
The firm has acquired Rothenberg Wealth Management, an investment firm with almost forty years of heritage and offices in Montreal and Calgary. With AUA of $1.2 billion, the addition takes Harbourfront’s AUA past $8 billion and expands its presence in Alberta and Quebec.
“We’re thrilled to announce Harbourfront’s acquisition of Rothenberg,” said Danny Popescu, CEO and Founder of Harbourfront. “Our national success in wealth management comes from Harbourfront’s commitment to client service and our partnership model for advisors. Acquisitions of high-quality firms like Rothenberg will continue building our momentum as a leader among independent wealth firms.”
Adding Rothenberg to the firm includes Rothenberg & Rothenberg Annuities, the firm’s life insurance and annuities company.
“Finding the best opportunities for our advisors and their clients is an essential part of our job; we strongly believe Harbourfront Wealth is the premier choice to grow together for many years to come,” said Robert Rothenberg, Chief Executive Officer of Rothenberg Wealth Management.
Harbourfront made another major acquisition back in the summer when it acquired Cornerstone Investment Counsel Ltd., operating as Cornerstone Fiduciary Wealth Management.
With 30 branches across Canada and headquartered in Vancouver, The Harbourfront Group includes a registered securities dealer/investment advisory firm servicing established advisors and their high-net-worth clients, an investment fund manager that specializes in third party managed alternative investment funds, and a U.S. SEC registered investment advisory firm.
Four of its advisors were named among WP’s Five Star Advisors: Best Financial Advisors in Western Canada last month.
