HighView Financial Group has struck a deal to acquire all outstanding shares of Dan Hallett & Associates Inc. The transaction is subject to regulatory approval.
“Through his deep understanding of mutual funds and fund managers and regular insightful commentary Dan Hallett has become one of the most respected and well known mutual fund analysts in Canada” says Mark Barnicutt, President of HighView. “We are thrilled to have Dan join the HighView team as his skills and reputation will lend tremendous support to HighView as we expand our mutual fund research, guided portfolios and separately managed account (SMA) programs.”
HighView Financial designs, implements and operates asset management solutions for advisors, families and institutions. Hallett will continue to work out of his current Windsor Ont. location.
“I will become an employee/shareholder in HighView. All the work I’ve been doing today, I will continue to do for quite some time,” Hallett told Advisor.ca. “HighView is very interested in not just in me, but in the business that I’ve built over the last several years. They are not only interested in maintaining that but also to ramp that up fairly significantly.”
The two firms have been working closely for the past two years, when HighView became a consulting client of Hallett and Associates. Hallett will retain all of his consultant relationships with MFDA advisors.
“I have been up to this point primarily involved on the advisory firm component, whereas [HighView] is primarily active in the IIROC world, although I expect that to broaden out,” Hallett says. “They do a number of things, all of which are focused on establishing, managing or growing asset management solutions.”
(10/06/09)