Wellington-Altus Financial has received a $40-million capital injection from U.S. Cynosure Group.

The Canadian company announced that it attracted the funds through a second-round growth equity investment. The deal has wide ranging real estate implications. Wellington has has surpassed $25 billion in assets under administration.

Wellington-Altus said the investment supports the firm’s “parabolic growth” through the addition of top wealth advisors and portfolio managers across the country.

“We are fortunate to have an experienced, quality partner in this venture with Cynosure – an organization that uniquely understands the dynamics of the business and the importance of delivering an unparalleled experience to our clients and advisors,” said Wellington-Altus founder and CEO Shaun Hauser in a news release.

Founded in 2017, Wellington-Altus Financial is the parent company to Wellington-Altus Private Counsel, Wellington-Altus USA, Wellington-Altus Insurance, Wellington-Altus Group Solutions, Wellington-Altus Asset Management, and Wellington-Altus Private Wealth, the top-rated wealth advisory company in Canada based on the 2023 Investment Executive brokerage report card.

Since 2021, Cynosure, an independent alternative asset manager and portfolio advisor, has increased its minority ownership stake in Wellington-Altus to 15%.

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