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HomeWealth ManagementHow Guardian Capital helped resolve a succession-planning downside

How Guardian Capital helped resolve a succession-planning downside

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However over time and with the encouragement of its consultants and advisory board, the agency determined to look outdoors and contemplate a broader purpose. Other than planning for succession, it sought to create a strategic partnership with a 3rd occasion.

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

“I feel from a strategic standpoint, we see a chance in Canada the place there are funding counselling and administration corporations which can be going by means 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.”

Below 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 gaggle of senior workers and portfolio managers at RaeLipskie can even 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 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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