Rob Djurfeldt has resigned from his position as executive vice-president, senior investment advisor with Wellington-Altus Private Wealth after ten months with the Winnipeg-based independent brokerage. His resignation was effective June 26.
“I have spent most of my career working closely with advisory teams and I have made the decision to return to that,” Djurfeldt wrote in an email to Investment Executive confirming his departure from Wellington-Altus.
Djurfeldt, who is based in Toronto, did not indicate whether he had plans in place to join another firm.
Djurfeldt joined Wellington-Altus in September with the primary responsibility of recruiting established advisors and advisory teams in Eastern Canada. Prior to joining Wellington-Altus, he had worked for 28 years with ScotiaMcLeod Inc., before stepping down from his role as head of the brokerage in May 2019. Djurfeldt began his career as a wealth advisor with ScotiaMcLeod.
Both Djurfeldt and the leadership at Wellington-Altus said the split was amicable.
Shaun Hauser, founder and president of Wellington-Altus, said Djurfeldt “did a great job for us.”
“I just think [Rob] realized, ‘Hey, you know what, I don’t golf and [do] the things that are standard in this corporate development role.’ That’s just not the lifestyle and the corporate experience that he’s accrued over [his career],” Hauser said.
Djurfeldt wrote: “I thank Wellington-Altus for the opportunity they gave me and wish them success in the future.”
Wellington-Altus continues to pursue an aggressive growth strategy, having recruited several new advisory teams from bank brokerage competitors in recent months. The firm plans to continue adding new advisors in the months ahead.
“We have a bunch of onboarding scheduled between now and the end of the year,” Hauser said, adding that he expects the firm to be at about $11.4 billion in assets under management by the end of the year.