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The Cynosure Group, for instance, has a couple of 15 p.c stake in Wellington-Altus. The Salt Lake Metropolis, Utah-based non-public fairness participant first invested within the Winnipeg-based RIA in 2021. The vast majority of the remainder of Wellington-Altus’ shares are held by its companions and greater than 830 staff.
Wellington-Altus was based in 2017 and has since sprinted to almost CA$30 billion in AUM by means of natural and inorganic progress.
“We’ve a unbelievable long-term minority non-public fairness accomplice in The Cynosure Group,” stated Hauser. “They’ve the identical ambitions that we’ve as a administration workforce, which is taking part in the lengthy recreation, not being short-sighted, and doing what’s proper, not what’s simple.
“After we began constructing this factor, we needed a accomplice that allowed us to proceed to look 5 strikes forward,” he added. “We needed the flexibility to not sway from our technique, and our non-public fairness companions shared our imaginative and prescient and have allowed us to proceed to execute despite any market situation or pandemic that’s been thrown at us the final six years.”
A profitable funding advisor in Winnipeg previous to serving to discovered Wellington-Altus, Hauser has labored within the wealth administration trade since 1998. He additionally labored for Wellington West, managing operations and gross sales for the asset administration subsidiary. Most just lately, Hauser served on the chief committee of NBF Wealth Administration, the place he was vp of advisor technique and assist.
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