The Harbourfront Group, based in Vancouver, has acquired Rothenberg Wealth Management, headquartered in Montreal with an office in Calgary.
The acquisition, announced Friday, builds on Harbourfront’s recent purchase of Cornerstone Investment Counsel Ltd., a deal that was completed in June 2024.
As part of the transaction, Harbourfront is acquiring Rothenberg & Rothenberg Annuities, the firm’s life insurance and annuities company.
The addition of Rothenberg Wealth brings Harbourfront Group’s approximate assets under administration to $8 billion and further expands the firm’s presence in Quebec and Alberta.
Harbourfront founder and CEO Danny Popescu said in a release that the two companies are culturally aligned, and that Harbourfront’s increased scale and offering will allow it to better serve clients of the combined firm.
“Acquisitions of high-quality firms like Rothenberg will continue building our momentum as a leader among independent wealth firms,” he said.