July 23, 2015
Today, we are pleased to announce the move of Beacon Securities’ retail team of advisors to Assante Hydrostone at the end of August. This transition will see the bulk of Beacon’s retail advisors and clients with an independent investment dealer focused entirely on individuals, while Beacon will continue to expand nationally all aspects of our business that focus on institutional clients; Fixed Income and Equity Capital Markets.
The move enables the majority of our retail group to join a large and growing company whose sole focus is to serve individuals, families, and their wealth management needs. Simply put, private clients will have more access to more products and services provided by a broader group of people. Chris Rafuse, Senior Financial Advisor with Assante Capital Management Ltd., began his career with us at Beacon, and is looking forward to welcoming the Beacon Advisors and Clients to the Hydrostone team. The deep values of independent advice and personal service are shared by both groups.
In consultation with our Beacon private client advisors, all but one member of the retail Private Client Group have decided to move to Assante Hydrostone. One advisor will concurrently join another IIROC firm.
Founded in 1988, Beacon Securities Limited (Beacon) is a national institutional investment boutique serving institutional Fixed Income and Equity clients. The firm expanded in 2012 from one office in Halifax to serve institutional fund managers by adding professionals in Montreal, Toronto and Calgary. Since that time, the firm has added more than 35 colleagues and partners across the country, growing both our new issue and secondary market activities each year. Beacon is a full service Investment Dealer, and a member of both the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).
Assante Hydrostone is a branch of Assante Wealth Management, (Assante). Assante is a national wealth management dealer and a member of IIROC and CIPF. Founded in 1995, Assante is one of the country’s largest wealth management firms, with over 750 professional advisors located in communities across Canada overseeing $32 billion of assets under administration. Assante has a long history of providing complete wealth management solutions to meet the needs of Canadian individuals, families, and businesses.
Our teams are focused on ensuring a seamless transition for all clients and advisors in the coming weeks, with the transfer scheduled to be complete August 31, 2015. This move is subject to regulatory approval.
We are excited about the next phase of focused growth for Beacon and wish our retail colleagues well.
Executive Vice-Chair and Managing Director, Beacon
Head of Private Client Group, Beacon