Wellington-Altus, Canadian wealth manager of Wellington-Altus Financial, recently announced it will be searching for a private equity partner to purchase 20 percent to 30 percent of its shares. The deal is expected to close in the summer of 2025, and will remain majority owned by its advisers and employees.
The company is looking for a strategic partner who holds the same goals as Wellington-Altus, including revolutionizing wealth management, continuing its growth trajectory and providing liquidity opportunities for its shareholders and advisors.
Shaun Hauser, founder and CEO of Wellington-Altus, said in a statement, “Welcoming a new equity partner will enhance our future growth and client-focused service, while enabling our shareholders to unlock the value of their investments through a greater ability to sell shares, providing liquidity and validating our share price.”
The firm currently has C$35 billion ($25 billion) in total assets under administration,
