Echelon Wealth Partners Inc. (Echelon) has announced the completion of an initial $27-million equity financing deal with Miles Nadal and Peerage Capital Canada Limited.
Echelon is an independent wealth management and capital markets firm that boasts of a client-centered approach and partnership culture. The company has about 80 investment advisors and portfolio managers, with total AUM of more than $4 billion.
"We are delighted to have Peerage Capital and Miles Nadal as financial partners. They have a demonstrated track record of identifying long-term opportunities and partnering with entrepreneurial management teams to build businesses with cultures that attract and retain top calibre talent," remarks Echelon CEO David Cusson. "Wealth management and capital markets are human capital businesses. Success depends entirely upon having high quality people, which we have at Echelon. This fits perfectly with Peerage's philosophy of harnessing the power of human capital."
Miles Nadal, founder of Peerage Capital, is similarly excited. "At Peerage Capital, we have a unique talent to partner with unique talent," he says. “"We are privileged to be an equity partner and capital provider to Echelon Wealth Partners and to help reinvent the wealth management industry and create the leading independent investment management firm in Canada.”
In April 2016, Echelon acquired certain assets from Dundee Goodman Private Wealth, along with Dundee Goodman’s separately managed account program and some of its fixed income, foreign exchange, and insurance businesses. Echelon has since continued to build momentum by adding more investment advisors and capital markets experts to its team.
"We believe the time is right in the industry to offer clients an attractive alternative for managing their money," remarked Mr. Cusson. "We offer independent investment advice that truly puts the client's needs first."
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