Investment banking firm INFOR Financial and wealth advisory firm Wellington-Altus Private Wealth Inc. have entered into a strategic arrangement that will provide Wellington-Altus' clients with preferred access to all of INFOR Financial's new issues.
With approximately $10 billion in assets under administration, Wellington-Altus offers independent financial advice and asset management to high-net-worth individuals, families, business owners and organizations across Canada. With this strategic arrangement, Wellington-Altus will continue to offer clients independent wealth advice with now further access to a growing range of investment options and products.
Agreement makes available both low-cost and high-end services
INFOR Financial will now have access to about $20 billion of assets under administration as a result of its partnerships with both Questrade and now Wellington-Altus. With demand for retail brokerage services in Canada gravitating to either low-cost execution or high-end advisory services, INFOR Financial believes it has partnered with the two companies in Canada that can best leverage their leading positions and capture market share in those growing segments.
With this agreement, INFOR Financial will be able to expand the ability of its corporate customers to raise capital.
Expands options for both companies
"Our arrangement with INFOR Financial now turns a previous gap in our model into a present strength," said Charlie Spiring, Wellington-Altus founder and chairman. "Access to new issues from INFOR Financial expands the options we can provide to both our customers and advisors.”
INFOR Financial Inc. is a registered investment dealer and a member of the Investment Industry Regulatory Organization of Canada (IIROC).
