Wellington-Altus Financial Inc., Canada's premier wealth management firm, secured a $40 million growth equity investment from The Cynosure Group. This second-round investment marks a significant step in Wellington-Altus' robust expansion, fostering its unparalleled growth trajectory. With this funding, Wellington-Altus aims to enhance its wealth advisory and portfolio management services nationwide, capitalizing on its remarkable achievement of amassing over $25 billion in assets under administration within just six years. This rapid growth earned the company recognition among The Globe & Mail's Top Growing Companies.

Shaun Hauser, Founder & CEO, highlighted the investment as a pivotal moment to integrate more leading wealth management practices, benefiting from Cynosure's deep understanding of the business and commitment to delivering exceptional client and advisor experiences. Following Cynosure's initial investment in 2021, its minority ownership in Wellington-Altus increased to 15%, reflecting a deepened partnership and confidence in Wellington-Altus' forward momentum.

Andrew Braithwaite of Cynosure expressed enthusiasm for continuing support, noting Wellington-Altus' significant investments in its platform to better serve advisors and clients, positioning it as a leader in the advisor independence movement in Canada. Charlie Spiring, Wellington-Altus Founder & Chair, views this investment as a catalyst towards achieving a medium-term goal of $50 billion in assets, underscoring Cynosure's role as a crucial partner in their growth.