Wellington-Altus partners with Ares Management to access capital for expanding its wealth management services
Wellington-Altus Financial Inc. (Wellington-Altus) has secured a new credit facility from credit funds managed by Ares Management.
This facility provides the firm with substantial capital to support its ongoing growth and future expansion.
Since its inception seven years ago, Wellington-Altus has grown rapidly, reaching over $30bn in assets under administration (AUA) and nearly 900 employees across Canada.
The company aims to further expand, targeting $50bn AUA by 2026 and a goal of $100bn AUA. The newly secured credit facility will enable the firm to pursue growth opportunities while supporting its advisors in expanding their practices.
Shaun Hauser, founder and CEO of Wellington-Altus, noted that this development reflects the company’s strength and stability during its initial growth phase.
He added, “As we move to the next exciting chapter, leveraging relationships with global capital providers like Ares gives us the fuel needed to continue revolutionizing wealth management in Canada, and our team is excited to have their financial and strategic support.”
Ryan Helfrich, principal in Ares Credit Group, expressed his support for Wellington-Altus, highlighting the company's leadership in the Canadian wealth management industry. He emphasized Ares' commitment to assisting the firm in achieving its strategic goals.
