Guardian Capital Group, founded in 1962, operates several fully owned subsidiaries whose operations are to provide

investment management Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...

services,

financial advisory Corporate services or business services are activities which combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) ...

services,

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...

distribution of

mutual funds A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investmen ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

, and general

corporate A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of s ...

services. Guardian Capital Group is headquartered in

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

, Ontario, Canada, and became publicly listed on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

in 1969. As of December 31, 2015, the company has $24.2 billion in

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

History

In May 2001, Guardian Capital Group sold a portion of its retail

mutual fund A mutual fund is an investment fund that pools money from many investors to purchase Security (finance), securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in ...

business with roughly $2 billion in

to the

Bank of Montreal The Bank of Montreal (, ), abbreviated as BMO (pronounced ), is a Canadian multinational Investment banking, investment bank and financial services company. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank, making it Canada ...

in exchange for 4.96 million common

shares In financial markets, a share (sometimes referred to as stock or equity) is a unit of equity ownership in the capital stock of a corporation. It can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Sha ...

, worth roughly $180 million.Guardian Capital Group's shares are a bargain: analyst
/ref> Guardian Capital LP, one of Canada's largest

firms and a

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

of Guardian Capital Group, actively manages many of BMO's

products. In January 2011, George Mavroudis was appointed

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university *President (government title) President may also refer to: Arts and entertainment Film and television *'' Præsident ...

of Guardian Capital Group after the passing of John Christodoulou. Mavroudis has been with the company since 2005 in the position of Senior

Vice-President A vice president or vice-president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vi ...

Strategic Planning Strategic planning is the activity undertaken by an organization through which it seeks to define its future direction and makes decisions such as resource allocation aimed at achieving its intended goals. "Strategy" has many definitions, but it ...

and

Development Development or developing may refer to: Arts *Development (music), the process by which thematic material is reshaped * Photographic development *Filmmaking, development phase, including finance and budgeting * Development hell, when a proje ...

. Prior to joining Guardian Capital Group, Mavroudis held previous appointments as a

managing director A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

with

J.P. Morgan JP may refer to: Arts and media * ''JP'' (album), 2001, by American singer Jesse Powell * ''Jp'' (magazine), an American Jeep magazine * '' Jönköpings-Posten'', a Swedish newspaper * Judas Priest, an English heavy metal band * ''Jurassic Pa ...

Asset Management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

in its

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

Moscow Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents with ...

, and

offices. In November 2017, Guardian Capital Group acquired a majority interest in Alta Capital Management LLC, an independent U.S.-based asset management firm. Alta Capital specializes in high-quality growth equity strategies and managed approximately $3 billion in assets at the time of the acquisition. The transaction was part of Guardian's strategy to enhance its investment management capabilities and expand its footprint in the U.S. market. In March 2021, Guardian Capital Group completed the acquisition of

BNY Mellon The Bank of New York Mellon Corporation, commonly known as BNY, is an American international financial services company headquartered in New York City. It was established in its current form in July 2007 by the merger of the Bank of New York an ...

's Canadian wealth management business. The acquisition included BNY Mellon Wealth Management Advisory Services and its related operations, adding significant expertise and client assets to Guardian's existing platform. This strategic move strengthened Guardian's position in the Canadian wealth management market. In June 2022, Guardian Capital Group purchased a 60% stake in Rae & Lipskie Investment Counsel Inc., an

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

-based private wealth management firm. In December 2023, Guardian Capital Group announced the sale of its Worldsource Wealth Management division to

Desjardins Group The Desjardins Group (, ) is a Canadian financial service cooperative and the largest federation of credit unions () in North America. It was founded in 1900 in Lévis, Quebec by Alphonse Desjardins. While its legal headquarters remains in Lé ...

for $750 million. The acquisition, which included Worldsource Securities Inc., Worldsource Financial Management Inc., and related entities, was aimed at enhancing Desjardins’ wealth management offerings. Guardian Capital stated that the sale was part of its strategy to focus on its core investment management operations. In January 2024, Guardian Capital Group completed the acquisition of Sterling Capital Management LLC from Truist Financial Corporation. Sterling Capital Management, a U.S.-based investment management firm, added approximately $76 billion in assets under management to Guardian’s portfolio. The acquisition is part of Guardian’s strategy to expand its presence in the U.S. market and strengthen its investment management capabilities.

Key subsidiaries

* Guardian Capital LP -

Investment management Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...

firm for institutional and retail clients. * Guardian Capital Advisors -

firm for

high-net-worth individual In the financial services industry, a high-net-worth individual (HNWI) is a person who maintains liquid assets at or above a certain threshold. Typically the criterion is that the person's financial assets (excluding their primary residence) are ...

s. * Alexandria Bancorp Ltd. - Fully licensed bank located in the

Cayman Islands The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...

and

Barbados Barbados, officially the Republic of Barbados, is an island country in the Atlantic Ocean. It is part of the Lesser Antilles of the West Indies and the easternmost island of the Caribbean region. It lies on the boundary of the South American ...

providing

corporate governance Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders. Definitions "Corporate governance" may ...

advisory,

, and

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

services. * Rae & Lipskie Investment Counsel Inc. - Ontario-based private wealth management firm. * Alta Capital Management LLC - U.S.-based asset management firm specializing in high-quality growth equity strategies. * Sterling Capital Management LLC - U.S.-based investment management firm managing approximately $76 billion in assets.

References

External links

Guardian Capital Group
Company Website
Guardian Capital Group
on

Google Finance Google Finance is a website focusing on business news and financial information hosted by Google. History and Development Launch and Early Growth (2006–2010) Google Finance was launched in March 2006 as Google’s entry into online financ ...

{{Authority control Companies based in Toronto Companies listed on the Toronto Stock Exchange Financial services companies established in 1962 1962 establishments in Ontario Canadian companies established in 1962 Asset management companies

History

Key subsidiaries

See also

References

External links