Richardson GMP Ltd., based in Toronto, has opened a new office in Toronto, consolidating two locations in the city. Currently, the new office has 25 advisor teams, but Mike Reynolds, director, wealth management and branch manager, says the plan is to increase the size of the office by seven or eight teams this year. Richardson GMP also had expanded its operations in Western Canada this past March with the opening of a new office in Calgary.

(fcollie@investmentexecutive.com).

© 2012 Investment Executive. All rights reserved.