Lee spent 14 years at BMO GAM managing $50 billion in property throughout varied methods, together with fastened revenue, fairness beta, factor-based, sector and thematic ETFs. He additionally has in depth expertise in product improvement, portfolio administration, and client-focused options.
His new function will contain working carefully with Q Wealth’s CIO Larry Berman, enhancing the core asset options platform at agency, and supporting the agency’s registered advisors to create customized pooled options and tailor-made portfolios aligned with what their shoppers want.
Lee informed WP the transfer had reignited the sensation of pleasure and potential he final acquired when he began at BMO.
“I come from the ETF business the place I, together with a workforce of people, helped construct one of many largest ETF franchises in Canada,” he mentioned. “That started 14 years in the past. Wanting again then, there was a lot pleasure within the ETF business and all this progress expectation, and once I take a look at the [RIA-style model] in Canada, I get the identical type of feeling. There’s a lot buzz about it.”
The RIA enterprise within the US has exploded and the impartial area in Canada, whereas rising, is on the precipice of the same rush thanks to 2 incoming tailwinds: curiosity from US non-public fairness corporations, and CIRO’s extra welcoming stance on advisor incorporation. However even as soon as dedicated to going it alone, the method may be daunting for advisors who don’t have a enterprise background or the infrastructure in place. Q Wealth gives turnkey options for advisors to step out on their very own whereas nonetheless having the agency’s help.