Industry veteran Jordy Chilcott has joined the executive team of Wellington-Altus Private Wealth, a firm he believes is well-positioned to serve the tech-savvy advisory team of the future.
“I think it’s time for technology-driven independent firms to be able to disrupt [the industry],” Chilcott told Investment Executive. “There are a few firms out there that are doing it, but […] Wellington looks to be well down that path.”
Based in Winnipeg, Wellington-Altus opened in 2017 and now has more than $10 billion in assets under administration. Chilcott, the former president of Sun Life Global Investments (Canada) Inc., will work out of Wellington-Altus’s Toronto office.
Chilcott is the brokerage firm’s new executive vice-president, wealth strategy and enablement. In this role, he’s responsible for leading the brokerage’s wealth management teams, particularly regional sales management, advanced wealth planning, marketing, platforms and future asset management initiatives.
“All of these things I’ve had exposure to in my past,” said Chilcott, who noted that attracting advisor teams and supporting them will be a significant part of the job.
Chilcott left Sun Life in October. He took the role as president in 2019 after joining Sun Life two years earlier as head of investment distribution. He also held leadership roles at Dynamic Funds and its parent company, the Bank of Nova Scotia.
Chilcott noted that Wellington-Altus advisors are currently well supported on the technology front having digitized advisor-client communications and interactions from onboarding to managing portfolios. Advisors appreciate this support, according to the high praise for the firm in Investment Executive’s 2020 Brokerage Report Card — the firm was given a rating of 9.3 in the “technology tools and advisor desktop” category, the second highest out of 14 firms included in the research.
Chilcott expects to build on the company’s technology and investment management capabilities — a task that is likely to be a little easier at a newer company such as Wellington-Altus than is often the case when working for large vertically-integrated companies with numerous platforms and products.
“I look forward to rolling up my sleeves, having some fun,” Chilcott said.
While he said he’s worked at great multi-national firms, “they sometimes lack the ability to be agile and are a bit myopic because they have way more than one business. The business of Wellington-Altus is delivering client outcomes.”