Wellington-Altus Acquires TriVest Wealth

January 2, 2020

On December 11, 2019, Wellington-Altus Private Wealth announced an agreement to acquire TriVest Wealth Counsel Ltd.

Under the terms of the agreement, Wellington-Altus Private Wealth (“Wellington-Altus”) will acquire TriVest Wealth Counsel Ltd. (“TriVest”). This acquisition will establish Wellington-Altus’s subsidiary, Wellington-Altus Private Counsel Inc. This subsidiary will specialize in the Investment Counsel Portfolio Manager segment of the wealth management industry. The co-founder and managing director of TriVest, Martin Pelletier, will serve as the managing director of Wellington-Altus’s business. The transaction is expected to close during the last quarter of 2019 or the first quarter of 2020 and will be subject to regulatory approval. Further terms of the transaction were not disclosed.

Wellington-Altus, based in Canada, is an independent wealth advisory company. As of January 2019, Wellington-Altus has $5 billion in assets under administration.

TriVest, based in Canada, is a wealth management firm that provides risk-management investment solutions.

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Investment Manager M&A, Transactions