Multi-Family Office

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Northwood Family Office

Northwood Family Office was founded in 2003 by Tom McCullough and Scott Hayman after their tenures at RBC Dominion Securities. McCullough's family served as...

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Northwood Family Office

Northwood Family Office was founded in 2003 by Tom McCullough and Scott Hayman after their tenures at RBC Dominion Securities. McCullough's family served as the initial client. The firm supplies multi-family office services that integrate planning, investments, tax, estate and philanthropy for ultra-high-net-worth families. Northwood allocates across private equity, real estate, infrastructure, private credit, hedge funds and secondaries. It maintains two internal vehicles, the Northwood Semi-Liquid Private Infrastructure Fund and the Northwood Global Impact Fund. Geographic reach centers on North America with additional exposure to global markets through external managers. The firm is a founding member of the Wigmore Association. Assets stand at $3.5 billion. Northwood was acquired by CI Financial in 2022 and now operates within that parent's Canadian Wealth Management segment alongside affiliates including CI Assante Wealth Management and Corient Private Wealth. Tom McCullough also serves as Managing Director of Thought Leadership and Strategy at the UHNW Institute.

General information

Firm type

Multi Family Office

Year founded

2003

Location

Region

North America

Country

Canada

City

Toronto

Corporate office

Toronto, Ontario, Canada

Principals

Tom McCullough

Co-founder, Chairman & CEO

Scott Hayman

Co-founder, Vice-Chairman

Sector focus

PropTechEnergy Transition & Renewables

Frequently asked questions

Who runs investment decisions at Northwood Family Office?

Tom McCullough serves as Co-founder, Chairman and CEO. Scott Hayman serves as Co-founder and Vice-Chairman. Both originated the firm from prior roles at RBC Dominion Securities.

How is Northwood Family Office related to CI Financial?

CI Financial acquired a majority stake in Northwood Family Office in 2022. Northwood continues to operate as a distinct subsidiary within CI Financial's Canadian Wealth Management segment.

What investment types does Northwood Family Office use?

Northwood deploys across alternative VC models, hedge funds, infrastructure, private credit, private equity, real estate and secondaries. It also maintains philanthropic and mission-related mandates.

Where does the underlying wealth at Northwood Family Office originate?

The founders accumulated experience in financial services at RBC Dominion Securities. Their first client was Tom McCullough's own family.

Does Northwood Family Office participate in industry associations?

Northwood is a founding member of the Wigmore Association. It also belongs to the Canadian Association of Alternative Strategies & Assets and Family Enterprise Canada.

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