Home Breadcrumb caret Industry News Breadcrumb caret Industry Wellington-Altus launches U.S. RIA The new platform will expand the firm’s offering By Staff | June 27, 2019 | Last updated on June 27, 2019 1 min read © Michael Gray / 123RF Stock Photo Wellington-Altus Private Wealth is expanding its service to clients in the U.S. The Winnipeg-based wealth advisory firm announced on Thursday the launch of Wellington-Altus USA Inc., a registered investment advisor with the U.S. Securities and Exchange Commission. The new business will give Wellington-Altus advisors the ability to offer managed accounts to clients in the U.S. or to Canadian clients with U.S.-domiciled accounts. “This platform will allow our advisors to provide their clients with a complete wealth management offering regardless of which side of the border they reside,” Rod Mahrt, executive vice president and senior portfolio manager with Wellington-Altus, said in a statement. The offering includes two types of discretionary accounts: managed accounts, where advisors who are also portfolio managers make investment decisions on a client’s behalf; and, for advisors who aren’t portfolio managers, a U.S.-domiciled version of the firm’s proprietary platform that uses third-party money managers. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo