For Brink, his strategy is greatest defined by means of analogy: diving right into a monetary plan, issues like money stream and saving methods, will get the fireplace began; tax discount, drawdown methods, and threat administration methods retains as a lot warmth as doable on that fireside; after which combining that base with nice funding and insurance coverage merchandise actually will get issues going, like throwing gasoline on the fireplace.
“That philosophy aligns rather well with Harbourfront’s eight step monetary planning course of, after which on the portfolio development facet of issues, we imagine in deep diversification and unbiased choice and Harbourfront supplies us with that,” Brink says, noting what Harbourfront boasts industry-leading, modern merchandise and distinctive client-centric advisors who convey nice concepts to the desk.
The retail pleasant alternatives past conventional asset courses and entry to pension sort funding automobiles set Harbourfront aside from the remainder of the companies Brink interviewed, particularly the capabilities of Harbourfront’s Watermark Non-public Portfolios and the good thing about incorporating non-public equities, non-public actual property, and personal debt right into a consumer’s portfolio and supply readability and transparency for shoppers on how their investments are being managed. Brink can be grateful for the overwhelmingly optimistic response from his shoppers, including with amusing that when they noticed the brand new capabilities, “a quantity have even been asking why this wasn’t executed sooner.”
Trying forward, Brink factors to Harbourfront’s enterprise transaction final yr with Audax that positioned its enterprise worth at $425 million, on observe to succeed in $1.5-$2 billion by 2027, as his yardstick: Brink & Associates’ purpose is to echo the blistering tempo and hit three to 4 occasions AUM over the subsequent 4 years. To assist obtain that, Brink is hoping so as to add to his roster.
“Any advisors seeking to turn into extra impartial, be at liberty to attach with Harbourfront or me straight,” Brink says. “As I stated the sky’s the restrict, however we might similar to to proceed to convey our model of economic planning to as lots of these excessive internet value and excessive potential Canadian households as doable.”