Q Wealth Partners and the newly created Flatiron Wealth Management announced today the continued expansion of Q Wealth into the historic Gooderham (aka Flatiron) building in downtown Toronto.
“Having our latest Toronto office housed in the iconic Flatiron Building couldn’t be a more representative metaphor,” stated Clive Cholerton, executive partner Q Wealth Partners. “The building is literally shaped like a wedge, and platforms like Q Wealth represent the leading edge of a trend that is re-shaping the Canadian wealth management and financial planning industries into one holistic client experience.”
Flatiron Wealth Management is the amalgamated practices of its two principal partners, Andrew Sheppard and Mark Davies, who have both left the wealth division of a major Canadian insurance company to form what will begin as a 180M AUM firm – providing sophisticated business and family wealth planning. Fabien Ouellette, currently a registered Portfolio Manager with Q Wealth, joins the team at Flatiron to provide PM services.
“When we began the process of creating our partnership, we recognized immediately the traditional Dealer structure would not allow us to engage with our clients in a manner we knew to be consistent with our values: Personal. Positive. Solid. Momentum.,” stated Sheppard. “Joining Q Wealth, a registered PM partnership and fiduciary, provided us with advantages our competitors just don’t have access to.” Extensive talks are ongoing between Flatiron other advisory practices, which will have Flatiron growing exponentially. “Our goal is a Billion in AUM and then beyond.” said Sheppard.
Jared Rabinowitz, Executive & Founding Q Wealth Partner noted, “From the outset, in our conversations with both Andrew and Mark, what stood out was how ambitious their plans were, but they had no way to realize them at a captive dealer. At Q Wealth we helped them figure out their new business structure to optimize for both tax efficiency and to set up for significant future M&A. Then our marketing team helped them create an exciting new brand and a complete suite of marketing and business development assets.”
“Now our growth trajectory seems limitless to me,” said Davies. “Both in terms of growing my current practice, knowing I can aggregate my client’s full financial net worth and allow my clients to see if daily, as well as attracting new clients and advisors to the firm. They know they’ll be provided with the most state of the art, sophisticated tool set available in the industry.”
The Flatiron announcement continues what is an incredibly robust growth phase in the second half of 2021 for Q Wealth. “Fresh off the announcement of SBW joining the Partnership, we are adding 3 more Partner firms prior to year end.” continued Cholerton. “Coupled with other signed contracts that will be announced early in ‘22, the meteoric growth of Q Wealth is starting to turn heads.”
Added Rabinowitz: “Advisors now have a real alternative to the uninspired independent dealer model, and the momentum speaks for itself”.
About Q Wealth Partners:
Q Wealth Partners is a Partnership by Portfolio Managers, exclusively for Portfolio Managers with well-established practices and an entrepreneurial spirit.
Comprised of the top percentile Wealth Professionals in Canada. Each Partner owns and operates their own practice under their own brand. Q Wealth partners are truly independent, and completely empowered to tailor their approach to the needs of their clients. Q Wealth Partners benefit from greatly increased scale and efficiencies, a next-generation technology platform, and Q Wealth’s deep experience in practice and investment management.