Cardinal Point Wealth Management to Team up With GAVIN Hockey Wealth Specialists
15 Mayo 2024 - 11:17AM
Business Wire
Cardinal Point Wealth Management (“Cardinal Point” or “CPWM”),
an independent cross-border wealth management firm with offices in
the United States and Canada, announced today that GMG Private
Counsel ULC, which is part of the GAVIN Hockey Wealth Specialists
group (“GAVIN”) will combine with CPWM on or about June 1, 2024 to
provide expanded financial planning, wealth management, investment
and related services to active and retired professional athletes
through CPWM. GAVIN Wealth & Wellness ULC (“GAVIN Wealth”),
which is part of GAVIN and will be renamed Cardinal Point Athlete
Advisors as part of this transaction and Cardinal Point’s
professional athlete management team each provides multifamily
office and related services to active and retired professional
athletes.
GAVIN is a multifamily office that provides customized financial
planning, investment, insurance and business management services to
both active and retired professional hockey players. “For more than
twenty years, we have been committed to continuously enhancing our
customer experience and improving financial outcomes for our
clients," said Stew Gavin, Chairman and Co-Founder of GAVIN Hockey
Wealth Specialists. “This transaction will bring more tax expertise
and broader investment capabilities to our clients, while deepening
our leadership in the hockey market.”
Grant Skinner of Cardinal Point remarked, “The business affairs
of professional athletes are always evolving and becoming more
complex, not only during their careers, but when they transition
away from the game. I am thrilled that our clients will be able to
benefit from the combined experience of our two firms. The founders
of each legacy business have been advising active and retired
players in the hockey community since the 1990s.”
Cardinal Point is expected to service approximately 200 active
and retired professional hockey players upon completion of this
transaction. In addition, Cardinal Point Athlete Advisors clients
will be able to utilize CPWM’s portfolio management team that after
the completion of the transaction is expected to oversee almost
$2.9 billion of private client assets. Additionally, the leadership
team for Cardinal Point Athlete Advisors will include Matthew
Bacchiochi, who is currently the President and Co-Founder of GAVIN,
in the capacity of Managing Director, and Chris Slawson, Vice
President at GAVIN, along with Director Tyler Skinner who currently
manages Cardinal Point’s professional athlete management team.
“By combining these two firms, we will possess specialized
skills, the proper structure and systems, and expanded resources to
expand and enhance our services to our clients,” said Matthew
Bacchiochi. “We have a steadfast focus on developing and nurturing
quality relationships and improving the well-being of professional
athletes and their families. This union is purposefully designed to
help our clients achieve their goals.”
About Cardinal Point Capital Management
Cardinal Point is an independent cross-border wealth and
business management firm with offices in the United States and
Canada. Cardinal Point provides personalized investment, estate,
tax, business management and cross-border financial planning
solutions to affluent individuals and families located in both the
United States and Canada. For more information about Cardinal
Point, please visit https://cardinalpointwealth.com/.
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Investor and Media Contact
Jeff Sheldon Chief Executive Officer Cardinal Point Wealth
Management P: +1-561-894-8337 jeff@cardinalpointwealth.com
Matthew Bacchiochi President GAVIN Hockey Wealth Specialists P:
+1-416-861-1998 mbacchiochi@gavingroup.ca
Media Contact Prosek Partners pro-focusfinancial@prosek.com