Danny Popescu isn’t your typical wealth management entrepreneur. He’s a visionary who believes he has a responsibility to help more Canadians achieve financial independence. This is the philosophy that drives his work and the motivation behind his latest venture, Harbourfront Group of Companies – a family of financial services businesses including Vancouver-based Harbourfront Wealth Management and its sub-advised alternative investment fund management subsidiary in Canada, as well as Harbourfront Wealth America in the U.S.
Founded in 2013, the company has grown rapidly since its inception with more than 300 employees across 28 locations across the country. It has also received Wealth Professional’s 5-Star Brokerage Award three years in a row (2023, 2022 and 2021) and is one of the fastest-growing independent wealth management firms in North America.
Empowering Your Financial Choices: The Role of Harbourfront Wealth Management”
Last year, Harbourfront secured a nine-figure investment from Boston-based private equity firm Audax Private Equity Group. This latest round of financing valued the firm at $425 million and includes a special dividend to shareholders, primarily investment advisors, who will remain as key decision-makers for the business.
The company’s structure gives advisors a stake in the business, something that appeals to ambitious and forward-thinking financial professionals. As a result, the firm has been able to recruit a number of veteran advisors from other established firms.
In addition to expanding its operations, Harbourfront plans to focus on the growing needs of the ultra-high-net-worth market in both Canada and the U.S. This will include investing in new research, building technology and continuing to grow its team of experienced advisers.