Vancouver-based Harbourfront Wealth Holdings Inc. (Harbourfront Wealth) has taken over Harrison & Partners (KJH), a high-net-worth and family office boutique based in Toronto. The acquisition is expected to add $2.2 billion to Harbourfront Wealth’s assets.
This brings Harbourfront Wealth’s total assets under administration to nearly $11 billion. It also enhances the firm’s ability “to deliver customized wealth solutions to high-net-worth families and private clients,” a release said.
KJH, a private investment management and wealth advisory firm, was founded in 2001 and serves high-net-worth individuals, families and family offices.
Harbourfront Wealth CEO and founder Danny Popescu said his firm is “thrilled” to join forces with KJH.
“This partnership amplifies our ability to offer innovative and industry-leading investment solutions for clients nationwide. Together, we are well-positioned to accelerate growth and redefine independent wealth management in Canada,” Popescu said in the release.
Terms of the deal were not made public.
The acquisition comes months after Harbourfront Wealth purchased Westmount, Que.-headquartered Rothenberg Wealth Management and Calgary-based Cornerstone Investment Counsel Ltd.
Founded in 2013, Harbourfront Wealth is an independent wealth advisory and investment management firm. It has upwards of 39 branches across Canada.