Guardian Capital Group has wrapped up the acquisition of BNY Mellon Wealth Management, Advisory Services (WMAS) in Canada.

The acquired business will now be rebranded as Guardian Partners (GPI).

Toronto-based Guardian took over the unit from BNY Mellon subsidiary Mellon Canada Holding Company. The deal was announced by the companies in December last year.

Guardian provides asset and wealth management services to investors.

The addition of WMAS, which is said to be a pioneer in setting up the multi-family office and endowment service in Canada, will enable the company to bolster its core wealth management capabilities in the UHNW, family office, endowment and foundations segments.

It is also anticipated to immediately augment Guardian’s Wealth Management service, expanding its coverage of new and existing customers.

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Guardian president and CEO George Mavroudis said: “We believe that the addition of Guardian Partners is an exciting opportunity to enhance our offering and commitment to the ultra-high-net-worth and family office segments.

“Our shared values and comparable high standards give me great confidence regarding how we will manage the stewardship of our clients’ needs moving forward, while spearheading our drive to grow the organisation.”

BNY Mellon Wealth Management, Advisory Services COO Jaz Gill added: “The combination of WMAS and Guardian represents an exciting new chapter for our clients and employees.

“We are confident in GPI’s commitment and ability to meet the investment and OCIO needs of clients now and in the future.”

Guardian Private Wealth head Anthony Messina will now become GPI president, while retaining his current responsibility.

Doce Tomic will become chairman of GPI, while continuing to serve as the head of Wealth Management.

Messina and Tomic will work together across Guardian’s Wealth Management platforms to offer solutions to its clients and partners.

Last year, Guardian also acquired a majority stake in Virginia-based investment management company Agincourt Capital Management.