Deal solidifies Cape Cove’s position as a national Canadian company
after just two years
MONTREAL & OTTAWA, Ontario & CALGARY, Alberta & VANCOUVER, British Columbia–(BUSINESS WIRE)–Cape Cove, a rapidly emerging portfolio management firm, is pleased to
announce the acquisition of Western Canada’s WealthTerra Capital
Management Inc., which further builds on Cape Cove’s expansion to a
national organization from its home office in Montreal, Quebec. The deal
has been agreed upon in principal and is subject to approval by the
Alberta Securities Commission and the Autorité des marchés financiers.
In a very short time, Cape Cove has quickly grown to now include 42
representatives across the country. Cape Cove specializes in exempt
markets, mutual funds and discretionary portfolio management.
“When we decided to increase our presence in Western Canada, we
were targeting potential suitors that had the same values as Cape Cove.
We found exactly that in Nadine Wellwood and her WealthTerra team,” says
President and CEO Robert Audet,
“Nadine will continue with Cape Cove as an advisor and will also assume
the role of Executive Vice-President (Western Canada). Her main focus
will be to help develop the representative and investor base primarily
in Alberta and British Columbia.”
Robert Audet holds his MBA in international finance from Université
Laval and York University and has worked in the international interbank
area of foreign exchange (FX) markets for more than 30 years. Audet has
worked with recognized financial institutions such as the Toronto
Dominion Bank, the Union Bank of Switzerland, Crédit Lyonnais, the Royal
Bank of Canada and the National Bank of Canada.
Nadine Wellwood is a Level 1 Certified Financial Planner and holds the
Chartered Investment Manager (CIM) designation and brings her entire
team of private capital market advisors to Cape Cove. She has tremendous
passion and a deep knowledge of the industry.
“This deal is an excellent opportunity to build something special in
this market space, and although it will not be under the banner of
WealthTerra, I am sure we will leave our mark. Cape Cove and WealthTerra
share many common goals. My advisors and I are all very excited to be
joining such a wonderful group of professionals,” says Wellwood.
About Cape Cove
Coming from the foreign exchange market, Cape Cove is an emerging
portfolio management firm that has been offering traditional and
alternative investment solutions since 2016. Cape Cove continues to
expand its services with the addition of a highly experienced and
seasoned team of exempt market and mutual fund dealing representatives
to complement its team of advising representatives from the Portfolio
Management division These complimentary divisions create a unique and
dynamic firm whose multi-disciplinary culture makes it possible to
provide added value to its clients. Team members firmly believe that
their vast expertise maximizes the chances of success and reduces the
volatility and risk in clients’ portfolios.
Senior Communication Advisor