News & Insights

Harbourfront Wealth Group has struck a deal to acquire Cumberland Partners Limited and its subsidiaries, the Toronto-based independent firm’s fifth acquisition in three years, pushing its total assets under administration to approximately $22 billion.

The transaction will bring roughly $5 billion in additional AUA into the Harbourfront platform and deepen the firm’s footprint in Toronto and Calgary, where Cumberland has operated since its founding in 1997 as an employee-owned wealth and investment management firm.

Read more: Harbourfront Wealth to acquire Cumberland in fifth deal since 2023 | Wealth Professional