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Infor strikes cost-saving partnership with Wellington-Altus

A rapidly expanding wealth manager and a boutique investment bank plan to announce a partnership on Friday that gives both firms room to grow without incurring significant costs, a concept that will likely attract imitators at other small brokerage houses.

Winnipeg-based Wellington-Altus Private Wealth Inc., which has $10-billion of assets under management, struck a deal that gives its wealthy clients access to new stock and bond offerings from Toronto-based Infor Financial Inc., an investment dealer that focuses on growth companies in sectors such as tech, mining, real estate, communications end cannabis.

The partnership is a return to a full-service approach that’s worked in the past for founders of both Wellington-Altus and Infor, who came from large investment banks with significant wealth-management divisions.

“There is a seismic shift taking place in the investment banking industry, and we see this structure better serving our clients,” said Neil Selfe, chief executive at Infor and a former banker at RBC Dominion Securities Inc. and GMP Capital Inc.

Click here to read the full story originally published on The Globe and Mail on January 31, 2020.

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The information contained herein has been provided for information purposes only. The information does not provide financial, legal, tax or investment advice. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document. Wellington-Altus Private Wealth Inc. (WAPW) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPW assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. WAPW is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

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