Echelon Acquires Dundee Securities Ltd.

TORONTO, December 14, 2018 - Echelon Wealth Partners Inc. (Echelon) announced today that it has acquired Dundee Securities Ltd. from Dundee Global Investment Management Inc. and it is to be amalgamated with Echelon upon closing. As part of the acquisition, Echelon is very pleased to be welcoming veteran professional Les Sherman and his team. The acquisition will see Echelon’s client assets grow to over $5 billion.

Moving assets and clients to Echelon Wealth Partners was a measured decision for Sherman. Of utmost importance to Sherman was that the firm of choice have an entrepreneurial culture, comprehensive client-service platform and an effective management team. “The move to Echelon was the only move I was willing to make,” states Les Sherman. “We’ve been approached by several firms over the last two years, but it was Echelon’s stability and capacity for growth that made an impression. Ultimately, it was ensuring the transition for my clients would be seamless and that additional investment opportunities would be available to them.”

Echelon continues its two-year nationwide expansion, becoming a destination for Advisors and their clients, attracting significant deal-flow and establishing itself as a strong independent firm. With the support of Echelon’s principal financial partner, Peerage Capital Group, the upward trend is expected to continue. David Cusson, CEO, considers this to be an exciting time for Echelon. “Our corporate theme for 2018 was ‘Reach’ which highlighted our aggressive and ambitious goals. The year is closing on a wonderful high note with Les joining us, rounding out what’s been a very successful year for our firm.”

Echelon’s growth in Advisors over the previous two years has helped the company make significant investments in its people, infrastructure and services and continues to propel it to the top for Advisors looking for a high-trust environment for both their clients and themselves.  Echelon is proud to have been once again certified as a Great Place to Work©.  This global standard certification indicates that our Team trusts the people they work for, have pride in what they do, and experience camaraderie with their colleagues.

About Echelon Wealth Partners

Echelon Wealth Partners Inc. is a Canadian independent wealth management and capital markets firm known for its client-centred approach and innovative, entrepreneurial spirit. The company has approximately 58 Advisor and Portfolio Manager Teams with more than $5 billion in assets under administration and management. Echelon offers a wide range of financial services for individuals, households, institutions and corporate clients from its offices in Toronto, Oakville, Ottawa, London, Montreal, Saskatoon, Calgary, Edmonton, Vancouver and Victoria. Echelon Wealth Partners is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). www.echelonpartners.com

About Dundee Corporation

Dundee Securities Ltd. is an indirect wholly-owned subsidiary of Dundee Corporation. Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, Dundee Corporation is engaged in diverse business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure. Dundee Corporation also holds, directly and indirectly, a portfolio of investments mostly in these key areas, as well as other select investments in both publicly listed and private enterprises.

About Peerage Capital Group

Peerage Capital is a leading North American business services and private investment firm. Peerage has been the principal financial partner of Echelon Wealth Partners since 2016, having invested nearly $50M. Peerage is focused on partnering with exceptional management teams to form long-term investments across several strategic business services platforms including real estate services, real estate, asset management, wealth advisory services, land assembly, and aviation services. Our executive team is comprised of highly experienced professional specialists that use their history of entrepreneurial successes and talent to accelerate the growth of our partner businesses. The network of Peerage partner companies employs over 1,000 people across Canada and the United States with over C$6 billion in total assets under management. www.peeragecapital.com