Toronto-based Hampton Financial Corp. announced on Thursday that it has acquired the wealth-management business of All Group Financial Services, also of Toronto, along with some of its advisors who joined the firm on Jan. 9.
The All Group team, whose practice is focused primarily on institutional and retail wealth management, will join Hampton as it continues to grow its asset base.
Clients “will continue to benefit from the personal and tailored relationships they have become accustomed to experiencing from their respective advisors, as the two firms look to capitalize on each other’s years of mutual experience in the industry,” Hampton says in its announcement.
“We are pleased to be adding the team from All Group, and believe this transaction aligns well with our strategic plan of consolidation within our industry to make Hampton one of Canada’s leading independent wealth management firms,” says Peter Deeb, Hampton Financial’s executive chairman and CEO, in a statement.
“We are excited at the opportunity presented for our clients and advisors to join the Hampton family,” adds James Moon, CEO of All Group, in a statement.
Hampton Financial, through its wholly owned subsidiary, Hampton Securities Ltd., is engaged in family office, wealth management, institutional services and capital markets activities.
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