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Wellington-Altus attracts $2 billion more in advisor assets

Independent has deals lined up for first half of 2020 as it takes advantage of frustrations with big banks

Wellington-Altus Private Wealth already has more than $2 billion of assets confirmed to cross over from bank-owned firms through Q1 and Q2 as it continues its explosive growth.

The independent wealth manager, borne out of the management team that built up Wellington West before selling it to National Bank for $333 million, is busy repeating that expansion story. This April, Wellington-Altus celebrates its third anniversary having reached $10 billion AUM. It believes it can double that over the next two to three years.

Todd Degelman, founder, vice-chairman and senior investment advisor, is confident of bringing in at least $5 billion in 2020, building on an eye-catching 2019 that included the addition of Calgary-based Cresco Wealth Management and former head of ScotiaMcLeod Inc, Rob Djurfeldt. It also acquired TriVest Wealth Counsel, representing its first foray into the investment counsel portfolio manager side of the industry

Click here to read the full article as originally featured in Wealth Professional Magazine on January 23, 2020

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Why Planning?

At the Advanced Wealth Planning Group at Wellington-Altus, we’re strong advocates for financial planning. And while most Canadians share that view, we recognize that not everyone sees things the same way. This article aims to share our perspective on financial planning, particularly with those who may not yet see its full value.

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Deadline Reminder: 2025 Prescribed Rate Loan Interest Payment

What is a prescribed rate loan?

A prescribed rate loan is one of the few income-splitting opportunities provided to Canadians that does not violate the various “attribution rules” found in Canada’s Income Tax Act. These “attribution rules” are designed to prevent high-tax bracket individuals from shifting investment income to a lower-tax bracket individual’s hands.

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Independent Advisor Solutions Expands Partnership with Goldman Sachs Asset Management to Launch International Active Equities MiBLOX

Independent Advisor Solutions (“iAS”) today announced an expansion of its strategic partnership with Goldman Sachs Asset Management (“GSAM”) with the launch of International Active Equities, an institutional-grade international equity strategy available exclusively to Canadian advisors through iAS. The strategy strengthens the MiBLOX platform, which provides purpose-built, manager-designed building blocks for modern portfolio construction.

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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. Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Wealth Inc. (WAPW), Wellington-Altus Private Counsel Inc. (WAPC), Wellington-Altus Insurance Inc. (WAII), Wellington-Altus Group Solutions Inc. (WAGS), Independent Advisor Solutions Inc., (IAS) and Wellington-Altus USA. Wellington-Altus (WA) does not guarantee the accuracy or completeness of the information contained herein.

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