Canaccord Genuity Group Inc. has begun the process of expanding its wealth-management business as it announced the addition of the LePoidevin Group advisory team in Vancouver to its ranks on Tuesday.
This addition is part of the Vancouver-based firm’s objective to grow its assets under management by bringing more advisors on board. In late September, the firm announced that it entered into a private placement agreement with a large Canadian asset manager to raise $60 million that the firm will be dedicating toward expanding its wealth-management business.
“The talented group of investment specialists at LePoidevin Group brings valuable economic expertise and deep client relationships to our growing wealth-management business,” says Stuart Raftus, president of Canaccord Genuity Wealth Management in Canada, in a statement.
“Our boutique platform with bespoke solution capabilities is increasingly attracting leading investment advisory teams to our entrepreneurial and independent firm,” he adds. “Our strategy to build a boutique investment firm is proving to be a key differentiator in attracting top investment advisors and high net worth clients.”
The LePoidevin Group portfolio management team, which was most recently with Montreal-based National Bank Financial Ltd. (NBF), provides high net-worth clients with wealth-management, financial and estate planning services. The team is home to a financial planning specialist and five investment associates.
David LePoidevin, senior vice president and portfolio manager, has more than 25 years of experience in the industry and has been an investment advisor since 1988. As an advisor with NBF, he managed client assets in excess of $1 billion.
Marc Rinfret, portfolio manager, has been a member of the LePoidevin Group since 2008 and is primarily responsible for the management of client portfolios.
See: Canaccord raises $60 million to bring more advisors on board
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