Independent Advisor Solutions Inc. —a wholly owned subsidiary of Wellington-Altus Financial Inc. —is pleased to announce a retail partnership with Apollo (NYSE: APO), a provider of alternative assets and retirement solutions.
This latest collab aims to reinforce Independent Advisor Solutions’ dedication to forming deep relationships with industry professionals that help advisors deliver solid client results and “drive the growth of their practice.”
Independent Advisor Solutions has also recently announced additional strategic collaborations with BlackRock as well as Goldman Sachs.
Under this arrangement, Independent Advisor Solutions plans to launch a new “MiBLOX” fund in early 2025, providing Canadians with exclusive retail access to Apollo Aligned Alternatives (AAA), “a strategy that pursues fully scaled diversified exposure to private markets investments.”
Jon Kilfoyle, President of Independent Advisor Solutions said:
“Our goal is to power advisor portfolios and their personal brand, which includes the support of thoughtfully curated and thoroughly vetted managers who are amongst the very best at what they do.”
Stephanie Drescher, Partner and Chief Client and Product Development Officer at Apollo said:
“This reinforces our commitment to acting as a trusted partner to advisors and clients as they build out private markets exposure in their portfolios. We’re thrilled to partner with the Independent Advisor Solutions team as we scale access to Apollo’s platform, delivering institutional quality private investments, tailored to the needs of individuals.”
Independent Advisor Solutions claims that it is committed to providing unique answers for advisors that “help them differentiate from the rest of the Canadian marketplace and deliver access to world-class expertise and resources.”
As noted in the update, Independent Advisor Solutions Inc. offers solutions for advisors via sub-advisory oversight of multi-asset model-based portfolios (MiMODEL), and provides access to “exclusive investment funds (MiBLOX, MiFUND).”
Independent Advisor Solutions Inc. is a wholly owned subsidiary of Wellington-Altus Financial Inc. and is registered as “an investment fund manager and portfolio manager in Manitoba, Ontario, Newfoundland & Labrador, Québec, and British Columbia.”
Founded back in 2017, Wellington-Altus Financial Inc. is the parent company to Wellington-Altus Private Counsel Inc., Wellington-Altus USA Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., Independent Advisor Solutions Inc., and Wellington-Altus Private Wealth Inc.—the investment dealer in Canada.
With over $35 billion in assets under administration (AuM) as well as business offices across the country, Wellington-Altus says that it identifies with “entrepreneurial advisors and portfolio managers and their high-net-worth clients.”