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Wellington-Altus Surpasses $30 Billion AUA Milestone, Continues Exponential Growth Trajectory

May 22, 2024

WINNIPEG, TORONTO, and MONTRÉAL, Wednesday, May 22, 2024/CNW/ Wellington-Altus Financial Inc. (Wellington-Altus)—parent company to Canada’s top-rated wealth management firm*—has exceeded the remarkable milestone of $30 billion in assets under administration (AUA) in just seven years since inception, continuing its parabolic growth.

Wellington-Altus was founded in April 2017 to revolutionize wealth management in Canada by delivering unprecedented levels of advisor support and embracing innovative technologies that fuel independence and success. This approach has set the firm apart from competitors, and with an AUA increase of more than $20 billion since 2020, has solidified its position as one of Canada’s fastest-growing wealth management companies.

“Our journey has been extraordinary from day one and surpassing $30 billion AUA in such a remarkably short span is a testament to our vision and unwavering dedication to advisors,” said Shaun Hauser, Founder & CEO of Wellington-Altus. “Wellington-Altus is a firm built by advisors for advisors, and I am unbelievably proud of our progress and the trust that leading teams and their clients continue to place in us.”

“We also know that we could not have achieved this level of success without the grit and dedication of our people, and I am grateful to every member of the team who has helped us get to where we are today—and rest assured, we are just getting started,” added Shaun.

With more than 110 advisor teams, over 820 employees, 53 offices across the country, and many accolades to its name, Wellington-Altus is built on the foundation of a strong culture of partnership. Its unique framework includes more than 70% of shares being held internally, which has seen the firm emerge as a top destination for talent, more than doubling its headcount since 2019.

“The accuracy of our instincts, the strength of our business model and the strategic decisions we’ve made along the way are reflected in our accelerated growth and this $30 billion AUA milestone,” added Charlie Spiring, Founder & Chair of Wellington-Altus. “As we celebrate this remarkable achievement, we remain laser-focused on the future of this great firm and the exciting opportunities that lie ahead, including our next medium-term goal of reaching $50 billion AUA.”

About Wellington-Altus Financial Inc.

Founded in 2017, Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Counsel Inc., Wellington-Altus USA Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., and Wellington-Altus Private Wealth Inc.—the top-rated* wealth advisory company in Canada and one of Canada’s Best Managed Companies. With more than $30 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 2023 Brokerage Report Card.

Media Inquiries:

Kristy Kenny

Senior Manager, Marketing Communications

Wellington-Altus

647.977.2069

Kristy.Kenny@Wellington-Altus.ca

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May Market Insights: Out Of Options

May 2, 2024

U.S. Federal Reserve Chair Jerome Powell, deeply mindful of Arthur Burns’ missteps and inspired by Paul Volcker’s tenacity, is fully cognisant of the historical significance of his role. I have consistently argued that Powell would benefit from studying William McChesney Martin’s tenure as the first post-Second World War Federal Reserve Chair in the 1950s. Martin adeptly navigated through a period of fiscal dominance, a pattern that is emerging once again. As Sir Winston Churchill implied, focusing on the wrong historical period can lead to policy errors and financial turmoil.

Highlights from the 2024 Federal Budget

April 17, 2024

The 2024 Federal Budget, tabled on April 16, 2024, provides a mix of expected measures and a few surprises. In line with the announcements leading up to Budget Day, Budget 2024 outlines a multitude of measures targeted at housing affordability and the cost of living.

April Market Insights: Greenspan’s Game Of Thrones

April 2, 2024

We are at a pivotal moment in history, one that former U.S. Federal Reserve Chairman Alan Greenspan might liken to a historical juncture, where the intertwined narratives obscure the uniqueness of our era. As we contend with a world that echoes the tumult of epics like War and Peace or Game of Thrones, we are in the midst of a “Fourth Turning”—a period of intense demographic, technological, and structural change that recurs approximately every 80 years.

CIRO Policy Options for Leveling the Advisor Compensation Playing Field

March 25, 2024

Alignment with Industry Perspective & CIRO Commitments. We are in alignment with the Investment Industry Association of Canada (IIAC) on several fronts, particularly on the importance of enabling incorporation options for advisors.

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.

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