Vancouver boutique gains national scale by joining Q Wealth’s partnership network
ZLC Wealth is set to give Q Wealth Partners a stronger foothold in Western Canada as the Vancouver boutique joins its national partnership network.
ZLC Wealth will enter the Q Wealth partnership as a stand-alone portfolio management (PM) firm led by Chief Executive Officer Garry Zlotnik and President and Portfolio Manager Jon McKinney.
The firm has advised Western Canadian business owners and their families for nearly 70 years, with a focus on independent portfolio management, family-business succession planning and philanthropic structures.
Zlotnik said the move marks “a significant milestone” for ZLC Wealth. “Joining the Q Wealth network allows us to enhance our service platform while staying true to our heritage of providing personalized, expertly tailored financial advice,” he said.
McKinney framed the decision in terms of scale and infrastructure. He said “With Q Wealth’s national reach and institutional infrastructure, we’ll be able to scale our boutique model without compromising the high-touch service our clients expect.”
Q Wealth Partners Chief Executive Officer Jared Rabinowitz said bringing ZLC Wealth into the fold aligns with the firm’s plan to build a national network of like-minded, independently run wealth advisory businesses.
He described the addition of ZLC, “currently a stand-alone PM firm,” as “a bold step” and “a whole new chapter of our evolution.”
As an independent investment counsel and portfolio manager (ICPM), ZLC Wealth has been responding to rapid technology change and tightening compliance requirements in what the firms call a competitive and dynamic environment.
According to the announcement, ZLC already had a strong internal structure and “disciplined portfolio management strategies” in place and sought a partner that could provide the scale to support more efficient growth.
Stephen Gasparek, chief marketing officer and head of Partner Admissions at Q Wealth Partners, said the combination is designed so ZLC can “achieve maximum prosperity without compromise – meeting and exceeding the ever-changing expectations of clients with an even better story, together.”
He added that bringing ZLC into the Q Wealth network is “a win for our firm, our advisors and, most importantly, our clients,” and pointed to ZLC’s “legacy of service and culture of excellence” as reasons it is “a natural fit.”
Q Wealth Partners describes itself as a nationwide force in portfolio management innovation in Canada, operating a partnership model that lets advisors own their wealth management businesses while relying on Q Wealth’s portfolio manager and investment fund manager registrations for securities advice.
The firm says its core services, investment and technology platform allow partner advisors to shift time away from operational tasks and toward client-facing work across the wealth and life management spectrum.
Q Wealth and Q Wealth Partners are trade names of Quintessence Wealth, a registered portfolio manager.
ZLC, based in Vancouver, has been serving Western Canadian business owners and their families since 1946 and positions itself as a boutique financial services firm that helps clients protect and grow wealth with advice tailored to individual needs.
