It appears to be a coup for one of the top independent investment firms, announcing it has attracted advisors with a collective book of $2 billion.
Dundee Goodman Private Wealth, a division of Dundee Securities Ltd., announced Monday that a group of about 60 investment advisors and their staff will transfer to Dundee Goodman Private Wealth from Richardson GMP Limited.
"We are delighted to welcome this talented group of investment advisors and their clients," said Jonathan Goodman, president and CEO of Dundee Capital Markets Inc. "This transaction marks a valuable addition to our growing wealth management business, thereby cementing our position as a strong and independently owned Canadian securities firm."
The new Dundee Goodman investment advisors manage portfolios with a combined value of approximately $2 billion. With this transaction, Dundee Goodman Private Wealth will comprise about 100 investment advisors from across Canada managing portfolios valued at more than $6 billion and Dundee Securities as a whole will expand its global reach with offices in Toronto, Montreal, Calgary, Vancouver, Ottawa, Victoria, Dubai and London, UK.
"This transaction marks a significant step forward in Dundee Corporation's strategic plan to build its private wealth and capital markets divisions into first-class entities," said Ned Goodman, president and CEO of Dundee Goodman Private Wealth's parent company, Dundee Corporation. "We look forward to growing our assets and those of our clients over the foreseeable future. Our vision is to build long term increasing value in everything we do." (continued on Page 2)