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HomeWealth ManagementHow Guardian Capital helped remedy a succession-planning drawback

How Guardian Capital helped remedy a succession-planning drawback


However over time and with the encouragement of its consultants and advisory board, the agency determined to look exterior and think about a broader aim. Other than planning for succession, it sought to create a strategic partnership with a 3rd social gathering.

That in the end 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 feel from a strategic viewpoint, we see a possibility in Canada the place there are funding counselling and administration companies which can be going by succession,” says Doce Tomic, Head of Wealth Administration at Guardian Capital. “Wealth companies, in flip, are in search of a company to work with them in order that they are often a part of the puzzle for the long run.”

Beneath the settlement, Guardian will purchase a 60% possession curiosity in The RaeLipskie Partnership; Lipskie will retain a big 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 predicted to shut within the third quarter.

Throughout RaeLipskie’s seek for potential companions, Lipskie says Guardian stood out as one in every of Canada’s highest-quality funding managers “with an impeccable status 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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