Harbourfront Wealth Management raised $311M in 1 round funding by Audax Private Equity

Vancouver, BC-based Harbourfront Wealth Management announced earlier this year that it has received a “nine-figure investment” from Boston-based private equity firm Audax Private Equity. This transaction values the company at $425 million and includes a special pre-investment dividend for Harbourfront shareholders, who will remain the key decision makers of the company. The funds are being put toward expansion, advisor recruitment and additional acquisitions.

The upstart, Danny Popescu in 2013, boasts that it is a leader in making uniquely architected private securities more practical for retail investors. The firm is also known for its independent approach to wealth management and its dedication to delivering more financial independence to Canadians. It has won numerous awards and accolades in the industry, including being named a Wealth Professional 5-Star Brokerage for three consecutive years (2023, 2022 and 2021).

Unlocking Financial Potential: The Expertise Behind Harbourfront Wealth Management

Harbourfront’s CEO, Danny Popescu, has spoken to groups of advisors around the country about entrepreneurship and financial independence. He has even teamed up with Kevin O’Leary of CBC’s Dragon’s Den for joint speaking engagements on the subject.

In an attempt to attract new talent, Harbourfront has rolled out an advisor recruitment program that offers new hires equity in the company if they join. It is an important strategy in a sector where large, heavily marketed conglomerates have been the dominant providers. If the upstart can lure away seasoned advisors from bigger rivals, it could have an advantage over its competition.