GMP Private Client Ltd. today announced the opening of full-service retail branches in Toronto and Calgary. Six experienced investment advisors have been recruited to staff the offices.

The company says the six advisors are expected to manage collective assets of approximately $1 billion, following a transition period.

“We are proud to open our doors in these two locations with such a high quality group of investment advisors,” said James Werry, CEO, GMP Private Client Ltd. “These branches mark the initial step in our strategy of offering clients an unmatched value proposition in the Canadian market. We expect to add more key cities across the country in the coming year, with a target of 15 to 20 advisors with assets of $3 billion by the end of this fiscal year.”

GMP Private Client says it is aiming to be the premier investment firm in Canada serving affluent investors. It adds that its advisors were chosen from among the country’s finest.

“We have invested a great deal of time and effort to ensure our investment advisors and their clients have the top technology, investment solutions and access to information available today,” said Werry. “Our independent model and full suite of products means clients get advice based on what is truly best for them, with a focus on capital preservation, income generation and capital growth.”

The firm says clients can choose fee-based or transaction accounts and have access to asset management by an investment advisor or external money managers.

GMP Private Client also offers investment advisors the opportunity to own a stake in the business.

GMP Private Client Ltd. is a subsidiary of GMP Capital Corp. GMP Capital is listed on the Toronto Stock Exchange under the symbol GMP.