Vancouver based wealth manager announces new acquisition
Independent wealth advisory and investment management firm Harbourfront Wealth is getting bigger.
The Vancouver headquartered firm has announced the acquisition of high net worth and family office boutique KJ Harrison & Partners, including its $2.2 billion CIRO-registered investment dealer, taking Harbourfront’s assets under administration to near $11 billion.
The milestone transactions enhances Harbourfront’s capabilities in serving high net worth families and private clients.
“We’re thrilled to welcome KJ Harrison & Partners to the Harbourfront Wealth family,” said Danny Popescu, CEO and Founder of Harbourfront. “KJH’s reputation for exceptional, client-centric wealth management aligns perfectly with our culture and commitment to excellence. This partnership amplifies our ability to offer innovative and industry-leading investment solutions for clients nationwide. Together, we are well-positioned to accelerate growth and redefine independent wealth management in Canada.”
Popescu spoke to WP last year and explained why he was remaining bullish on private assets.
In 2024, Harbourfront acquired Rothenberg Wealth Management, an investment firm with almost forty years of heritage and offices in Montreal and Calgary and AUA of $1.2 billion, along with Cornerstone Investment Counsel Ltd., operating as Cornerstone Fiduciary Wealth Management.
In 2023, the firm’s president Mark Pinto set an ambitious five-year target for the growth of the business.
“Our goal is to establish an enterprise value of one and a half to $2 billion in the next five years,” he told WP.
While the latest acquisition clearly adds value to Harbourfront, it is also a positive for KJ Harrison, whose CEO Joel Clarke believes it offers new scope to deliver on his firm’s position.
“We have always focused on delivering solid, long-term, risk-adjusted investment returns and highly personalized wealth solutions with exceptional client service,” said Joel Clark, Chief Executive Officer of KJ Harrison & Partners. “Joining Harbourfront Wealth allows us to continue this legacy while enhancing our capabilities through access to a robust investment platform, cutting-edge technology, and advanced compliance and risk management.
