Q Wealth Partners have voted to accept Windsor, Ontario based, high net-worth, Private Financial Group (PFG), into the national Portfolio Management Partnership.
“PFG came to us seeking solutions for their high net-worth client base” stated Jared Rabinowitz, founding executive partner, Q Wealth Partners. “The solutions that they initially sought focused on additional sophistication with Financial Planning and Risk Mitigation, but as talks continued, expanded to our portfolio construction solutions regarding pension and endowment fund solutions including private credit and equity, liquid alternatives, hedging strategies, and US based client needs.”
Peter Dobrich, Principal Partner at PFG is a published author and industry veteran, who has carefully cultivated the “Private” brand, and diligently delivered on the lofty expectations that moniker infers. Fabien Ouellette, currently a registered Portfolio Manager with Q Wealth, will join the PFG team to provide Portfolio Management functions, directly to PFG clients as they onboard with the firm.
“Coming to Q Wealth feels like finally landing with a platform that understands what it means to provide wealth management to a high net-worth client base,” stated Dobrich. “From a portfolio construction standpoint, this is a major step forward in terms of the sophistication of what we bring to clients… I now have fixed income solutions that actually solve for the challenging interest rate environment of today, and the ability to deliver a client technology experience that we believe is second to none in the industry”
Added Clive Cholerton, executive partner Q Wealth Partners, “What struck me of the philosophical connection between Q Wealth and Private, was the extent to which Peter was already delivering holistic planning to his clients, but we recognized just how unscalable the process was to execute on an ongoing basis. Leveraging the Q Suite, he will deliver every bit the customized solution, in a fraction of the time.”
“Lack of scale was a huge pain point for the firm,” concurred Dobrich. “We simply were not willing to sacrifice the scope of our client deliverables, but that came at the expense of growth. Joining Q Wealth, it’s no longer an ‘either/or’ proposition, the game has changed, and the potential is now unlimited. Beyond the support for scaling up systems, business development and marketing to attract new clientele, we expect increased wallet share from our existing insurance-only and mutual fund clients to drive significant growth powered by the strength of the Q Wealth offering. Overall, we feel that this was a client driven decision while respecting our need to stay independent as we embrace the evolution of financial planning”
The PFG announcement continues the accelerating growth curve for Q Wealth. “Fresh off the Flatiron announcement, we look to add at least one more firm prior to year-end.” continued Cholerton. “We are now booked well into 2022 with signed Partners looking to align with a Portfolio Management firm that offers a truly differentiated and truly holistic client experience.”
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.
