Harbourfront acquisition of Cornerstone

Industry

Wealth Management

Company Profile

Founded in 2013, Harbourfront is an independent wealth advisory and investment management firm headquartered in Vancouver, British Columbia. The Harbourfront Group includes a registered securities dealer/investment advisory firm servicing established advisors and their high-net-worth clients, an investment fund manager specializing in third-party managed alternative investment funds, and a U.S. SEC registered investment advisory firm. Cornerstone Fiduciary Wealth is a boutique financial advisory firm specializing in fiduciary services, wealth management, insurance, and business planning. Harbourfront is partnered with the Audax Group. Audax is a leading alternative investment manager founded in 1999 with offices in Boston, New York, and San Francisco. Specializing in investing in and growing middle-market companies, Audax manages private equity, private debt, and public equity funds. Audax Private Equity focuses on building companies with leading market positions, robust management teams, and significant growth potential through its disciplined Buy & Build strategy. With over $39 billion in assets under management, Audax has completed more than 2,500 transactions in the mid-market. 

NewPoint’s Role

NewPoint assisted Harbourfront in its acquisition search by identifying and evaluating potential targets.  

Transaction Snapshot

The acquisition is expected to enhance Harbourfront's growth by adding significant assets under administration and revenue.