Independent financial services firms, Richardson GMP and Cormark Securities Inc. jointly announced, June 10, that the wealth management firm and investment dealer would join forces in a new information and referral sharing strategic alliance between the two firms.

Under the agreement, Richardson’s advisors and high net worth clientele gain preferred access to Cormark’s research, new investment issues and ideas. Cormark’s top issuer clients and institutional investors, meanwhile, stand to benefit from close collaboration with Richardon’s network of investment advisors.

Richardson says the firm has spent several months searching for an ideal partner to help provide high quality research and unique investment opportunities in key markets. “They produce comprehensive research, they have excellent investment ideas and they have an employee-owned culture that aligns with ours,” says Richardson GMP president and CEO, Andrew Marsh. “Cormark covers over 250 companies across all market capitalizations and industry sectors,” he adds.

The firms say the strategic alliance also contemplates considerable cross-referral opportunities which will permit both firms to better serve existing clients.