Guardian Capital Group Limited Opens the Market (CNW Group/TMX Group Limited)
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  • Guardian Capital Group (GCG) has acquired a 60-per-cent interest of Rae & Lipskie Investment Counsel (operating as The RaeLipskie Partnership)
  • The RaeLipskie Partnership is a private wealth-management firm based in Waterloo, Ontario that has provided professional investment management since 1989
  • The acquisition increases Guardian Capital’s assets under management in its private wealth segment by about C$1 billion
  • Guardian Capital Group Limited is a diversified, global financial services company operating in two main business segments: investment management and wealth management
  • Guardian Capital Group Limited opened trading at $28.35 per share

Guardian Capital Group (GCG) has acquired a 60-per-cent majority interest in Rae & Lipskie Investment Counsel (operating as The RaeLipskie Partnership).

Rae & Lipskie Investment Counsel Inc. (The RaeLipskie Partnership) is a private wealth-management firm based in Waterloo, Ontario that has provided professional investment management since 1989.

The acquisition increases Guardian Capital’s assets under management in its private wealth segment by approximately C$1 billion.

The addition of The RaeLipskie Partnership to its portfolio further extends Guardian Capital’s regional coverage in key markets.

“We’re thrilled to officially welcome the RaeLipskie team to Guardian,” said George Mavroudis, Guardian’s President and Chief Executive Officer.

“Their dedication to putting their clients first and making a real difference within their community make them a seamless fit with our company and our culture,” he added.

“We’re so excited to officially partner with Guardian,” said Brian Lipskie, President & COO, The RaeLipskie Partnership.

“We plan to utilize their strength, stability and 60-year reputation to the benefit of both our clients and our community.”

Guardian Capital Group Limited is a diversified, global financial services company operating in two main business segments: investment management and wealth management.

Guardian Capital Group Limited opened trading at $28.35 per share.


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