Turnabout is fair play with American firms now hunting for successful advisor offices in Canada.
New York-based Focus Financial Partners LLC is the latest to go on a search north of the border, announcing Monday that Dorchester Wealth Management, an investment counselor doing business in Montreal since 1928, has joined its network Focus as of April 1, the first Canadian advisor firm to do so.
Dorchester has more than $850 million in assets under management serving clients in Canada, U.S. and overseas. With nine seasoned investment professionals advising clients, the partnership with Focus allows Dorchester to continue its growth while providing clients with the best possible wealth management products.
“We are excited to partner with Focus who shares our commitment to provide client-centric and unbiased wealth management offering,” said Robert Bard, president of Dorchester Wealth Management. “Focus brings greater resources and expertise in certain aspects of our business while still allowing us to maintain our boutique client service environment and investment excellence.”
As for Focus, its move into Canada won’t likely be its last.
“We are thrilled to welcome Dorchester to our partnership. Their dedication to customized solutions for personal wealth management and desire to grow make them an excellent fit for our partnership of entrepreneurial firms globally,” said Rudy Adolf, founder and CEO of Focus.
“We see tremendous potential through Dorchester to increase our regional reach in Canada and bring more exciting international opportunities to Focus.”
The Americans aren’t coming – they’re here.