It follows the strategic partnership announced in 2020
It was 10 years ago that Michael Kaumeyer founded Grayhawk Wealth, a multi-office firm that grew to $1.5 billion AUM. And as Kaumeyer settles into a new UHNW-focused role at Nicola Wealth, his former firm is also moving on.
Kaumeyer sold his majority stake as part of a strategic partnership with Sagard in 2020, and this week the Grayhawk name disappeared as the firm rebranded to Sagard Wealth.
With offices in Calgary, Toronto, and Montreal, the newly named firm continues to serve ultra-high-net-worth individuals, families, and foundations with a holistic approach to wealth management.
Aurélie Jaclot, who joined Grayhawk in 2020 to open the Montreal office and became CEO in 2023 (and is now CEO of Sagard Wealth) says that the further integration and rebrand is an exciting chapter for the firm and its clients.
“Our clients will continue to receive the same high level of personalized service they have come to expect from Grayhawk, while benefiting from Sagard's global network and commitment to partnership with its clients,” she said.
And chief investment officer Stephen Harvey added that the firm is building even more robust operational capabilities to serve its clients' unique financial needs as part of Sagard.
“We also gain more exclusive investment opportunities for clients, while maintaining our independent investment philosophy and original suite of investment solutions across global growth, fixed income, private credit, hedge funds, private equity and real assets," he said.
Sagard manages more than $27 billion in global assets and its history spans almost a quarter of a century having been launched by Power Corporation of Canada in 2002. Sagard Wealth operates as a chief investment office for its wealthy clients.
"Ultra-high-net-worth families have specific investment needs, different from those of other high-net-worth or mass affluent individual investors,” said Paul Desmarais III, chairman and CEO of Sagard. “We work closely with over 100 families around the world, providing them with differentiated investment opportunities, often in partnership with their family offices and as a complement to existing solutions providers. We are excited to continue to partner with successful entrepreneurs, providing them with a full set of solutions including multi-stage financing, wealth management, network access, and operational support.''
