Insights on transitions, independence and advisor growth.
Wellington-Altus Private Wealth’s Shaun Hauser offers a unique perspective on how our northern neighbors perceive the wealth management industry.
April 24, 2025
This marks a first for our podcast series.
Our content focus has traditionally been on the wealth management industry in the United States. However, in this episode, we’re heading across our northern border to gain a first-hand view of building a wealth management business in Canada.
For perspective, Statista reported that in 2024, assets under management by Canada’s wealth management firms exceeded a staggering 1.95 trillion U.S. dollars. That’s nearly equal to the country’s annual GDP of 2.1 trillion US dollars.
To learn more about the industry, the similarities to the US, and the differences, we asked the Founder and CEO of one of the most successful independent Canadian firms, $35 billion-plus Wellington-Altus Private Wealth, to join us.
Shaun Hauser built a career as an investment advisor in Winnipeg before founding Wellington-Altus in 2017. With a knack for focusing on the long term, he was ultimately motivated to launch the independent firm and later take on a private equity partner.
In this episode with Louis Diamond, Shaun does a deep dive into his firm and the Canadian wealth management space, including:
The Canadian financial advisory industry—and how it compares to the US, including the opportunities and challenges.
Being at the epicenter of the nascent Canadian breakaway movement—and how Wellington-Altus became the hottest firm in Canada in less than 10 years.
Building an independent firm—and the decision to take on a private equity partner.
Differentiating in the Canadian market—and what Wellington-Altus does to stand apart.
The value of scaling an idea—and how Canadians learn from US trends.
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It’s a conversation that offers a fresh perspective on how our northern neighbors view the wealth management industry, with valuable takeaways for advisors and business owners alike.
Download a transcript of this episode…
Listen to more episodes of The Diamond Podcast for Financial Advisors: Insights on Transitions, Independence and Advisor Growth
Louis Diamond
President, Diamond Consultants
Louis has guided many of the top teams in the industry as they’ve transitioned to other employee-model firms or launched RIA firms. And as a next-gen leader himself, Louis has a passion for representing complex multi-generational teams. His strong business acumen, refined analytical skills and objectivity also make Louis an ideal advisor to independent business owners who want to accelerate growth via mergers, acquisitions and recruiting.
A George Washington University magna cum laude graduate with a BBA degree in Finance and International Business, Louis’s resume includes roles at Ernst & Young, Morgan Stanley and UBS.
For more information, visit: https://www.diamond-consultants.com/team/louis-diamond/
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