Harbourfront Wealth Holdings has acquired wealth advisory firm KJ Harrison & Partners, a Toronto, Canada-based firm managing assets worth $2.2bn.

The deal consideration remains undisclosed.

This purchase enhances Harbourfront Wealth’s position in the independent wealth management sector in Canada.

Established in 2001, KJ Harrison & Partners is focused on high-net-worth individuals, families, and family offices, offering tailored investment strategies and comprehensive wealth planning services.

KJ Harrison & Partners CEO Joel Clark said: “At KJ Harrison & Partners, we have always focused on delivering solid, long-term, risk-adjusted investment returns and highly personalised wealth solutions with exceptional client service.

“Joining Harbourfront Wealth allows us to continue this legacy while enhancing our capabilities through access to a robust investment platform, cutting-edge technology, and advanced compliance and risk management.”

The transaction includes KJ Harrison’s registered investment dealer, which operates under the Canadian Investment Regulatory Organization (CIRO).

With this acquisition, Harbourfront Wealth’s total assets under administration approaches C$11bn ($7.9bn).

Harbourfront CEO Danny Popescu said: “KJH’s reputation for exceptional, client-centric wealth management aligns perfectly with our culture and commitment to excellence.

“This partnership amplifies our ability to offer innovative and industry-leading investment solutions for clients nationwide. Together, we are well-positioned to accelerate growth and redefine independent wealth management in Canada.”

In October 2024, Harbourfront acquired Rothenberg Wealth Management, which includes a registered investment dealer under the Canadian Investment Regulatory Organization and a guaranteed investment certificate dealer.

Set up in 1986, Rothenberg is an independent, employee-owned investment firm in Canada, providing wealth planning and investment management services to clients nationwide, with offices in Montreal and Calgary.