Macquarie Private Wealth Canada Hits 200-Advisor Milestone

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2011) - Two years after Macquarie Private Wealth entered the Canadian marketplace with the purchase of a predecessor brokerage, the firm today announced that its ranks of advisors now number 200, spread throughout 12 offices from Victoria to Montreal.

"In the span of less than 24 months, we've added 80 advisors to reach 200, a remarkable achievement and a testament to the unique culture and business model we've developed in Canada," said Earl Evans, CEO and Head of Macquarie Private Wealth Canada. "This is a day where we applaud the dedication of our original team of brokers and the top-tier practitioners who have joined us and chosen to continue building their practices with us."

With award-winning marketing support, a constantly improving technology infrastructure, open and approachable management and access to research from one of the most accomplished teams of analysts in the global investment management industry, advisors in Canada have voted with their feet and come to Macquarie.

Macquarie was recognized in May of this year as the top-ranked national independent brokerage firm by the influential Investment Executive "Brokerage Report Card," an annual survey of brokers conducted by a third-party organization.

"We have deliberately created a culture of Freedom within Boundaries for advisors, giving them the scope to operate a variety of different business models, while having the backing of a strong and profitable global organization," said Matthew Rady, Head of Macquarie North America Banking and Financial Services Group. "We're especially pleased that the culture and business model we founded in Australia years ago has been embraced by the Canadian market."

As the wealth management industry continues to consolidate in Canada, Macquarie Private Wealth plans to maintain its hiring momentum, selectively attracting leading advisors and their teams who are seeking to build their business in an entrepreneurial, well-financed and established company.

About Macquarie

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs more than 15,000 people in over 28 countries. At September 30, 2011, Macquarie had assets under management of $332 billion.

Macquarie has had a permanent and growing presence in Canada since opening its first office in 1998. With regional headquarters in Toronto, Macquarie employs approximately 1,000 people in Canada through 14 offices across the country.