Lionridge Capital Management Inc. has entered into a subadvisory agreement with Wellington-Altus Private Wealth Inc., the portfolio management firm announced Thursday.
The agreement will make Lionridge’s investment management services available to Wellington-Altus’ clients through an upcoming separately managed account program. Both firms are based in Winnipeg.
“We are very excited to have been chosen for inclusion on Wellington-Altus’ new platform,” says Hardev Bains, president of Lionbridge, in a statement.
“Their firm is made up of quality people and we are looking forward to being part of their investment solutions they can provide to their clients.”
Wellington-Altus launched with $2.5 billion in assets under management (AUM) in April 2017. It has since grown to more than $3.5 billion in assets under administration.