San Diego-based Canter Cos., a developer, broker and venture capital firm, said it is partnering with local portfolio manager TriVant Customer Portfolio Group to bolster its fledgling wealth management division and add $70 million in assets under management.
Canter Strategic Wealth Management launched in January, with the goal of exposing homeowners closing significant deals to advice from affiliated financial planners. After six months, Canter still had relatively low AUM and is now trying to broker affiliations with portfolio managers to work with real estate clients.
“This partnership gives us the ability to work with experienced portfolio managers and our clients will benefit from their experience,” CEO Andrew Canter said. “We look forward to working with TriVant and are excited to bring their caliber of expertise to the Canter team.”
Canter said a second partnership was planned that would more than double the company’s AUM.