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“This transaction marks a significant step forward in Dundee Corporation’s strategic plan to build its private wealth and capital markets divisions into first class entities,” said Ned Goodman, chief executive of Dundee Corp., Dundee Goodman’s parent company, in a statement.
“This transaction marks a significant step forward in Dundee Corporation’s strategic plan to build its private wealth and capital markets divisions into first class entities,” said Ned Goodman, chief executive of Dundee Corp., Dundee Goodman’s parent company, in a statement.
(Kevin Van Paassen/The Globe and Mail)

Richardson GMP transfers advisers to Dundee Goodman

Independent wealth management firm Richardson GMP Ltd. is transferring about 60 investment advisers who oversee $2-billion in assets to Dundee Goodman Private Wealth, the two firms said Monday afternoon.

The adviser group comprises former Macquarie Private Wealth Inc. employees who could not be integrated into the Richardson GMP business after it bought Macquarie last year. Dundee Goodman is paying $15-million in the deal.