Canadian Wealth Manager Opens New Offices

Stephen Harris

18 May 2005

GMP Private Client, a division of GMP Capital Corp, has opened full-service branches in Toronto and Calgary. Six new experienced investment advisors have been recruited so far to staff the offices, who are expected to manage collective assets of approximately $1 billion. "These branches mark the initial step in our strategy of offering clients an unmatched value proposition in the Canadian market," said James Werry, chief executive of GMP Private Client. He added: "We expect to add more key cities across the country in the coming year, with a target of 15 to 20 advisors with assets of $3 billion by the end of this fiscal year. Investment advisors recognize the tremendous potential to owning a stake in this new enterprise, and we continue to generate exceptional interest among top professionals across the country."