Harness Investment Management has opened a new office in Vancouver to better serve families, corporations and trusts in British Colombia.
The company also named VELA Wealth as its first partner in the province.
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Based in North Vancouver, VELA provides wealth advisory services to HNW people.
Under the partnership, Harness will provide VELA clients will access to diversified and low cost investment products.
Harness has also developed model portfolios that will utilise investment funds of its asset management partner Purpose Investments for VELA clients.
Harness portfolio manager Keith Allan said: “We hear regularly from people that they have an overall feeling of unease with capital markets as a result of past experiences.
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By GlobalData“Furthermore, they feel like their investment questions have never been answered, their current portfolio manager does not have their best interest at heart, and they are paying far too much in fees for little or no value added.
“Our goal is to provide the best possible investment experience for our clients. By partnering with a well-respected and established firm like VELA, we know that the solutions created will transcend conventional wealth management.”
VELA founder and principal Jason Boudreau said: “It’s an ideal relationship with a focus on what we believe is the future of the wealth advisory business, whereby these best-in-class solutions will be delivered with a requirement to put the client’s interests first.
“The client will ultimately be at the centre of everything, by connecting an ecosystem of advisors, collateral professionals and institutions.”
Harness Investment Management operates as a fully discretionary investment counselling firm. Its clients include HNW individuals and families.
