Wellington-Altus Newsroom

Keep up-to-date with our current happenings

> Home  | Newsroom

Wellington-Altus Attracts Up to $85 Million in Minority Partner Capital to Fuel Future Growth

WINNIPEG, TORONTO and MONTREAL – November 2, 2021/CNW/ – Wellington-Altus Financial Inc. (Wellington-Altus), Canada’s pre-eminent independent comprehensive wealth management company, with approximately $20 billion in assets under administration, announced today that it has attracted minority growth equity investments from The Cynosure Group (Cynosure) and Jessiman Family Investments (JFI). As Wellington-Altus continues to gain momentum as the number-one wealth advisory company in Canada*, this strategic partnership will support the firm’s unstoppable growth through hiring top wealth advisors and acquiring select established money management firms across the country.

Through their investments, Cynosure and JFI have or will (as applicable) become minority owners of Wellington-Altus and will join the company’s Board of Directors, subject to shareholder approval. Wellington-Altus’ founders, advisors, and management team will continue to control and operate the business, now with increased funds to raise the bar even higher on delivering best-in-class client experiences to a nationwide clientele.

“This is an important catalyst in the continued growth of our firm, with many months of planning and execution now coming to life,” says Founder & Chairman of Wellington-Altus Financial, Charlie Spiring. “I am wholly impatient to onboard the many new top advisors and select money management firms that know we can help them achieve even better results for their clients.”

“Attracting seasoned operators and investors like JFI and Cynosure speaks volumes of where we are today as a firm, and where we are headed with these incredible partners on board is even more exciting,” says Shaun Hauser, Founder & President of Wellington-Altus Financial. “We are all eager to start executing on the next phase of growth for our business. Creating a foundation of value for advisors is a big deal for us. We want them to have things no one else has. We have that today and are now positioned to do even more for our clients.”

“The extraordinary growth and success of Wellington-Altus has been truly impressive to observe, and we are thrilled to be joining the team as an investor,” said Peter Jessiman, Chief Executive Officer of JFI. “We believe their combination of world-class advisors and an unrelenting focus on results for the client will enable the firm to prosper well into the future.”

“After many years of partnering with leading private wealth management businesses in the U.S., we know what success looks like, and Wellington-Altus’ explosive presence and reputation for outstanding client service in Canada is undeniable. We are incredibly excited to help the firm achieve their next leg of growth,” said Keith Taylor, Co-Founder & Managing Director of Cynosure.

About Wellington-Altus Financial Inc.
Founded in 2017, Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Counsel and Wellington-Altus Private Wealth—the top-rated* wealth advisory company in Canada and one of Canada’s Best Managed Companies. With approximately $20 billion in assets under administration and offices across the country, Wellington-Altus identifies with successful, entrepreneurial advisors and portfolio managers, and their high-net-worth clients. *Investment Executive 2021 Brokerage Report Card.

Jessiman Family Investments
Jessiman Family Investments (JFI) is a Winnipeg-based Family Office, formed after the Jessiman family sold the Bison Transport Group of Companies to James Richardson & Sons Ltd. in late 2020. JFI has substantial holdings in public equities, real estate, and a portfolio of private investments, including a Private Equity partnership. Members of the JFI executive also help oversee The Jessiman Foundation, the family’s philanthropic arm.
For inquiries about JFI, please contact Susan Deleau: [email protected].

The Cynosure Group
Tracing its roots to the Eccles family of Utah, The Cynosure Group is an independent alternatives asset manager and portfolio advisor that makes long-term investments on behalf of families, foundations, and other like-minded institutions. Cynosure’s collaborative solutions focus on alternative asset classes that range from select direct investment opportunities in profitable small to mid-sized companies, to comprehensive portfolio construction and allocations. To find out more about Cynosure, please visit their website: https://cynosuregroup.com/.

For Media Inquiries:
Sara Howe
Senior Manager, Communications
[email protected]

Share This Article:

March Market Insights: The Financial Storm Is Coming

t’s All About Timing. Navigating macro investing poses the challenge of not only identifying key events but also timing their occurrence. The hardest part is indeed getting the timing right. With Japan and the United Kingdom in recession, and Germany likely to follow, the global economic landscape is increasingly fraught with challenges. The downturn in these major economies, coupled with China’s dramatic slowdown and deflationary trends, points to a broader malaise across global markets.


Investing in a Corporation

For business owners or incorporated practitioners that generate surplus funds not required to meet personal lifestyle needs or the needs of the business or practice, the question becomes how to maximize the value of these funds?


February Market Insights: Trump’s Shadow

As we enter a presidential election year in the U.S., financial markets are resonating with historical echoes. One can particularly recognize the rise of populism after the Civil War, which parallels today’s socio political dynamics. This comparison challenges the conventional wisdom about investing in a world that is constantly evolving. Concomitantly, there are parallels to the post-Second World War era, notably the extreme levels of debt which rival only today. As the war ended and life got back to normal, a growth scare and deflation resulted. Hence my thesis that our transition period out of COVID-19 has all the earmarks of a transitional period of secular stagnation and deflation.


2024 Tax Resources

2024 Wellington-Altus Corporate Tax Reference Card Personal Tax Planning Cards LIF and RLIF Minimum & Maximum Factors Personal and Corporate Tax Integration Reference Cards 2024


The information contained herein has been provided for information purposes only. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. 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), and Wellington-Altus USA. Wellington-Altus (WA) does not guarantee the accuracy or completeness of the information contained herein.

©2024, Wellington-Altus Private Wealth Inc., Wellington-Altus Private Counsel Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., and Wellington-Altus USA. ALL RIGHTS RESERVED. NO USE OR REPRODUCTION WITHOUT PERMISSION. www.wellington-altus.ca

We use cookies on our website to enhance user experience, analyze and improve our services, and learn what information interests you. By continuing to use our website, you agree to our use of cookies. You may change your cookie preferences in your browser or device settings. Learn More How to Delete Cookies