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The Cynosure Group, for instance, has a few 15 % stake in Wellington-Altus. The Salt Lake Metropolis, Utah-based non-public fairness participant first invested within the Winnipeg-based RIA in 2021. The vast majority of the remainder of Wellington-Altus’ shares are held by its companions and greater than 830 staff.
Wellington-Altus was based in 2017 and has since sprinted to almost CA$30 billion in AUM by natural and inorganic development.
“We’ve got a incredible long-term minority non-public fairness associate in The Cynosure Group,” stated Hauser. “They’ve the identical ambitions that we now have as a administration workforce, which is taking part in the lengthy recreation, not being short-sighted, and doing what’s proper, not what’s straightforward.
“After we began constructing this factor, we wished a associate that allowed us to proceed to look 5 strikes forward,” he added. “We wished the flexibility to not sway from our technique, and our non-public fairness companions shared our imaginative and prescient and have allowed us to proceed to execute despite any market situation or pandemic that’s been thrown at us the final six years.”
A profitable funding advisor in Winnipeg previous to serving to discovered Wellington-Altus, Hauser has labored within the wealth administration business since 1998. He additionally labored for Wellington West, managing operations and gross sales for the asset administration subsidiary. Most lately, Hauser served on the chief committee of NBF Wealth Administration, the place he was vice chairman of advisor technique and assist.
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