Guardian Capital Group completes acquisition of BNY Mellon’s Canadian Wealth Management Business
Guardian Capital Group Limited has completed its acquisition of BNY Mellon Wealth Management, Advisory Services, Inc, (WMAS), a Canadian-based wealth management business.
Going forward, this entity will be renamed Guardian Partners Inc (GPI) to align with the strength of Guardian’s brand and commitment to partnerships.
For almost six decades, Guardian has offered leading asset and wealth management services to investors. This addition expands its core wealth management capabilities in the ultra-high-net-worth, family office, endowment and foundations segments, areas where WMAS has both excelled and was a pioneer in developing, while advancing Guardian’s goal of growing its market presence in these segments. Adding a team with such depth and experience will immediately enhance Guardian’s Wealth Management offering, augmenting its coverage of both existing and new clients.
Anthony Messina will be assuming the role of President of GPI and remain as the Head of Private Wealth at Guardian. Doce Tomic will remain as the Head of Wealth Management, while adding the role of Chairman of GPI. Both will continue to work together across Guardian’s Wealth Management platforms, leveraging all of Guardian to bring leading solutions to its clients and partners.
“We believe that the addition of Guardian Partners is an exciting opportunity to enhance our offering and commitment to the ultra-high-net-worth and family office segments,” says George Mavroudis, President and Chief Executive Officer, Guardian. “Our shared values and comparable high standards give me great confidence regarding how we will manage the stewardship of our clients’ needs moving forward, while spearheading our drive to grow the organisation.”
“The combination of WMAS and Guardian represents an exciting new chapter for our clients and employees,” says Jaz Gill, COO of BNY Mellon Wealth Management, Advisory Services, Inc. “We are confident in GPI’s commitment and ability to meet the investment and OCIO needs of clients now and in the future.”
Berkshire Global Advisors LP served as financial advisor to Guardian. Guardian was represented by AUM Law Professional Corporation.