Vancouver-based Harbourfront Wealth Group is acquiring Galliant Advisors LP, a Montreal-based investment management firm, bringing Harbourfront’s assets under administration (AUA) to more than $23 billion, a release said on Tuesday. That figure represents a roughly $1-billion increase since Harbourfront announced in June its last acquisition.
“Galliant is a strategic fit for our business, bringing an experienced team and established client relationships to the firm,” Harbourfront CEO Richard McIntyre said in the release.