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TORONTO, March 1, 2021 (GLOBE NEWSWIRE) – Guardian Capital Group Limited (Guardian) (TSX: GCG) (TSX: GCG.A) announced today that it has completed the acquisition of BNY Mellon Wealth Management, Advisory Services, Inc. has completed. (WMAS), a Canada-based asset management company. In the future, this company will be renamed Guardian Partners Inc. (GPI) to reflect the strength of the Guardian brand and commitment to partnership.

Guardian has provided investors with leading wealth and asset management services for nearly six decades. This expansion expands its core wealth management capabilities in the ultra-high-net-worth, family office, foundations and foundations areas where WMAS has both excelled and pioneered development, while furthering Guardian’s goal to expand its market presence in these segments. Adding a team with such depth and experience will immediately improve Guardian’s wealth management offering and improve coverage for both existing and new clients.

Anthony Messina will assume the role of President of GPI and continue to lead the Private Wealth division at Guardian. Doce Tomic remains Head of Wealth Management and takes on the role of Chairman of the GPI. Both will continue to work together on Guardian’s wealth management platforms and leverage the entire Guardian to provide leading-edge solutions to its customers and partners.

“We believe 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,” said George Mavroudis, President and Chief Executive Officer of Guardian. “Our shared values ​​and comparatively high standards give me great confidence in the way in which we will manage responsibility for the needs of our customers in the future and at the same time drive our efforts to expand the company.”

“The combination of WMAS and Guardian marks an exciting new chapter for our customers and employees,” said Jaz Gill, COO of BNY Mellon Wealth Management, Advisory Services, Inc. “We are confident that GPI will meet the investment and OCIO and in is able to meet them. ” Customer needs now and in the future. “

Berkshire Global Advisors LP was Guardian’s financial advisor. Guardian was represented by AUM Law Professional Corporation.

Details of the acquisition were part of a December 2020 press release.

For more information please contact:

Angela Shim
(416) 947-8009

About Guardian Capital Group Limited
Guardian Capital Group Limited is a diversified financial services company founded in 1962. Guardian operates in two main business areas: Asset Management and Financial Advisory. As of December 31, 2020, Guardian had $ 46 billion in assets under management and $ 22 billion in assets under management. Guardian provides institutional and private wealth management services. Financial services for international investors; Providing financial advisor services to their national mutual fund dealer, securities dealer and insurance distribution network; and maintains and manages its own investment portfolio, which had a fair market value of $ 633 million as of December 31, 2020. The common and Class A shares are listed on the Toronto Stock Exchange. In 2019, Guardian celebrated its 50th anniversary as a publicly traded company. To learn more about Guardian, visit www.guardiancapital.com.

About BNY Mellon Wealth Management
BNY Mellon Wealth Management has been providing services to wealthy individuals, family offices, planned donation programs, and foundations and foundations for more than two centuries. Client assets as of December 31, 2020 were $ 286 billion and had 30 offices in the US and internationally. BNY Mellon Wealth Management offers wealth advice in the areas of investment, banking, custody, and wealth and estate planning. The company operates through various operational subsidiaries of the Bank of New York Mellon Corporation. For more information, please visit www.bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.

ABOUT BNY MELLON
BNY Mellon is a global investment firm that helps clients manage and maintain their financial assets throughout the investment lifecycle. Regardless of whether BNY Mellon provides financial services for institutions, companies or individual investors, BNY Mellon offers informed investment and asset management and investment services in 35 countries. As of December 31, 2020, BNY Mellon had $ 41.1 trillion in assets under management and / or under management and $ 2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for customers who wish to create, trade, hold, manage, maintain, distribute or restructure investments. BNY Mellon is the corporate brand of the Bank of New York Mellon Corporation (NYSE: BK). More information is available at www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.