Harbourfront Wealth Group to Acquire Cumberland Private Wealth
Harbourfront Wealth’s national expansion continues as AUA climbs to $22 billion
TORONTO--(BUSINESS WIRE)--Harbourfront Wealth Group (“Harbourfront Wealth”) is pleased to announce it will acquire Cumberland Partners Limited and its subsidiaries (“Cumberland”), marking its fifth acquisition in three years. The transaction will accelerate Harbourfront Wealth’s growth across Canada, expand its presence in Toronto and Calgary, and add approximately $5 billion in assets under administration.
The acquisition will strengthen Harbourfront Wealth’s presence in key markets and add a respected team with a strong reputation for high-touch advice to affluent clients.
“Cumberland adds meaningful strength to our business and supports our continued growth as one of Canada’s leading independent wealth firms,” said Richard McIntyre, Chief Executive Officer of Harbourfront Wealth. “Its high-touch client model aligns well with our values.”
“We approach acquisitions with a clear view of where we want to grow and how we strengthen our business over time,” said Danny Popescu, Founder and Executive Chair of Harbourfront Wealth. “We look for firms with trusted client relationships, strong leadership, and capabilities that fit strategically within our platform. Cumberland exemplifies those qualities and reflects the disciplined approach that drives our long-term growth.”
Cumberland clients, advisors and investment teams will benefit from Harbourfront Wealth’s broader capabilities, including enhanced technology and operations, as well as additional solutions, while maintaining the tailored service and disciplined advice that define both firms.
“We chose Harbourfront Wealth as our partner because the firm shares our values, our commitment to high-touch advice, and our focus on long-term client relationships,” said Charles Sims, Chairman, President and Chief Executive Officer of Cumberland Private Wealth.
“Harbourfront Wealth gives our advisors and their client network the benefit of greater scale, stronger infrastructure, and broader capabilities, while preserving the culture and continuity that matter most,” said Alex Sasso, CEO of NCM Investments.
Partnerships like this reflect how Canada’s independent wealth sector is evolving: they help independent firms build scale, deepen capabilities, and strengthen their long-term staying power — allowing them to remain independent while delivering more for clients.
The transaction is expected to close in the third quarter of 2026 and is subject to regulatory approvals and other customary closing conditions.
About Harbourfront Wealth Group
Founded in 2013, Harbourfront Wealth Group (Harbourfront Wealth) is an independent wealth advisory and investment management group of companies with a rapidly growing network of over 60 locations across Canada. Harbourfront Wealth includes a CIRO-registered securities advisory firm, an investment council portfolio manager, an insurance company, an asset management firm, and a U.S. SEC Registered Investment Advisor (RIA). Learn more: www.harbourfrontwealth.com.
About Cumberland Partners Limited
Cumberland Partners Limited was founded in 1997 as a Canadian independent, employee-owned wealth and investment management firm based in Toronto and Calgary, serving its clients through its operating subsidiaries, Cumberland Private Wealth Management, Cumberland Investment Counsel and NCM Investments. Cumberland was advised by its long term strategic and financial advisor, Clariti Strategic Advisors Inc., through its strategic review process, which ultimately resulted in this transaction.
Contacts
Media Contact
Magnolia Marketing Communications
Nikky Saini
Email: nikky@magnoliamc.com
