Richardson GMP Ltd. announced on Wednesday that it has formed a strategic relationship with independent U.S. firm, Dynasty Financial Partners, that will allow them to serve each others’ clients across the Canada-U.S. border.
The firm announced a strategic alliance that will allow Toronto-based Richardson GMP to offer wealth management products and services to Dynasty clients in Canada, and allow Dynasty, headquartered in New York, to provide services to Richardson GMP clients in the U.S.
The firms say that the arrangement will enable them “to provide a complete and seamless suite of wealth management services to clients in either the United States or Canada,” allowing them to better advise on international assets and serve clients that live in both countries.
“Offering specialized cross-border advice is essential to ensuring we provide our clients with the right solutions to meet their increasingly complex needs,” said Andrew Marsh, CEO of Richardson GMP. “Clients of Richardson GMP and Dynasty will each benefit from experts with a complete knowledge of each country’s unique wealth management issues.”
“In today’s world of highly mobile professional athletes, entertainers and entrepreneurs, an ability to provide a North American wealth management solution is essential,” said Todd Thomson, Dynasty’s chairman. “We immediately turned to Richardson GMP, which has a stellar reputation as an independent firm with a boutique culture and fiduciary mindset that matches well with our own.”