Echelon was founded in 2010 and acquired a team of 72 investment advisers from Dundee in April, 2016, for $13.5-million, a transaction that gave the firm significant heft. Echelon has approximately 90 advisers and portfolio managers with approximately $4-billion in assets.Reuters
Upstart retail brokerage firm Echelon Wealth Partners Inc. landed veteran deal maker David Anderson Thursday as head of investment banking, the latest in a series of hires from Dundee Securities Ltd.
Mr. Anderson was most recently vice-chairman of Dundee, where he spent 18 years, and the 63-year-old has a long track record in corporate finance and M&A, with a focus on the mining sector. He leads an 11-person team that covers mining, healthcare, technology, telecom and real estate.
Echelon was founded in 2010 and acquired a team of 72 investment advisers from Dundee in April, 2016, for $13.5-million, a transaction that gave the firm significant heft. Echelon has approximately 90 advisers and portfolio managers with approximately $4-billion in assets.
In August, Echelon raised $27-million to fund growth by selling a 60-per-cent stake in the company to Toronto-based Peerage Capital Canada Ltd., which was founded by entrepreneur Miles Nadal.
Andrew Willis