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HomeWealth ManagementHow Guardian Capital helped remedy a succession-planning downside

How Guardian Capital helped remedy a succession-planning downside


However over time and with the encouragement of its consultants and advisory board, the agency determined to look exterior and take into account a broader purpose. Apart from planning for succession, it sought to create a strategic partnership with a 3rd get together.

That finally led to an association with Guardian Capital, a $53-billion AUM establishment, which has agreed to amass a majority stake of The RaeLipskie Partnership.

“I believe from a strategic perspective, we see a possibility in Canada the place there are funding counselling and administration corporations which can be going by way of succession,” says Doce Tomic, Head of Wealth Administration at Guardian Capital. “Wealth corporations, in flip, are on the lookout for a company to work with them in order that they are often a part of the puzzle for the long run.”

Underneath the settlement, Guardian will purchase a 60% possession curiosity in The RaeLipskie Partnership; Lipskie will retain a major possession within the firm and proceed on as president. A bunch of senior workers and portfolio managers at RaeLipskie may also purchase a stake within the agency. The transaction is anticipated to shut within the third quarter.

Throughout RaeLipskie’s seek for potential companions, Lipskie says Guardian stood out as considered one of Canada’s highest-quality funding managers “with an impeccable popularity for integrity and equity.” Tomic, in the meantime, highlighted his agency’s want to depart from what another acquirers do, which is to swallow up smaller organizations and assimilate them into a bigger group.

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