# Wellington Altus Private Wealth

Wellington Altus Private Wealth is a Bank / Wealth / Trust based in Winnipeg, Canada.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Winnipeg, Canada
- **Region:** North America
- **Address:** Winnipeg, Manitoba, Canada
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** wellington-altus.ca
- **LinkedIn:** https://www.linkedin.com/company/wellington-altus-private-wealth

## Regulatory record

- **Reports private funds:** No

## About

Wellington Altus Private Wealth was founded in 2017 by Todd Degelman and Shaun Hauser, former executives at Wellington West Holdings, which was sold to National Bank Financial in 2011. The firm emerged from a vision to build an independent, advisor-owned wealth management platform in Canada, unburdened by the product-push conflicts that can characterize bank-owned investment dealers. The founders retained the 'Wellington' brand as a bridge to the entrepreneurial culture of their prior firm, while 'Altus' signaled a higher standard of client service. As a primarily advisory-focused firm, Wellington Altus aggregates assets through its network of independent investment advisors who provide access to a range of asset classes including private credit, real estate, hedge funds, and private equity, often using third-party fund structures. The firm operates a dealer platform that facilitates these alternative investments, alongside traditional managed accounts and securities trading. Unlike a single-family office or direct institutional investor, Wellington Altus functions as a conduit between high-net-worth Canadian clients and alternative asset managers, a model that has driven its rapid growth through advisor recruitment across Canada, with significant presence in Toronto and Western Canada. By 2023, Wellington Altus had grown to oversee more than $30 billion in client assets (per the firm's official communications, 2023), making it a significant force in Canadian independent wealth management. The firm's rapid scaling has been fueled by a combination of organic growth and aggressive recruitment of advisory teams departing bank-owned firms. September 2023: The firm reported surpassing $30 billion in assets under administration, a benchmark that underscored its decade-long ascent to becoming a top-tier independent dealer (per Wealth Professional, September 2023). Its footprint includes the headquarters in Winnipeg and a major hub in Toronto, with advisors distributed across every province. What structurally differentiates Wellington Altus is its partnership model: the firm was built with equity participation for its top-performing advisors, creating a cooperative dynamic rare among Canadian investment dealers. This mutualized structure aligns the interests of head office and field advisors, reducing the churn seen at competitors where advisors operate under corporate mandates. The dual-headed leadership — Degelman as strategic chairman and Hauser as operational CEO — mirrors the succession-aware governance of a family office, even as the firm serves an external client base.

## Sectors

- Private Credit
- Real Estate
- Hedge Funds
- Private Equity

## Offices

- Toronto, Ontario

## People

- Todd Degelman — Chairman & Co-Founder
- Shaun Hauser — CEO & Co-Founder
- Dennis Stewner — COO

## Questions

### How does Wellington Altus source alternative investment products for its clients?

The firm acts as a dealer platform, vetting and onboarding third-party alternative asset managers in private credit, real estate, and private equity. Advisors then allocate client capital into these approved funds; Wellington Altus itself does not originate direct deals. This sourcing model relies on institutional relationship teams that negotiate access and terms with fund managers, passing due diligence costs through the platform rather than forcing individual advisor teams to conduct their own manager research.

### What is the relationship between Wellington Altus and Wellington West?

Wellington Altus was formed by former Wellington West executives Todd Degelman, Shaun Hauser, and a group of advisors after National Bank acquired Wellington West in 2011. The 'Wellington' name was licensed or reused to signal cultural continuity, but Wellington Altus is a new legal entity with no ownership ties to the absorbed predecessor. The core DNA — independent, entrepreneurial — was intentionally preserved in the new firm.

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Last updated: 2026-06-03T20:00:00.000Z

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