Canvas can now broaden its palette, but that’s only half the story. To do this it needed a trusted partner and a fellow believer in its financial planning-first approach. Rewind three years ago to a meeting with Q Wealth executives at Future Proof and the seeds of this partnership were sown. Q was not the only suitor, however, as Canvas had interviewed a host of other independent dealers and platforms before making the final decision. Ultimately, though, the Q Wealth story, culture, and the true equity partnership model was the most compelling to Andrews, Molina and their team.
“The idea of joining a partnership and having a say in what tools can be in our toolbox is really interesting.” He added: “We are choosing happiness.”
Having always acted as fiduciaries for their clients, this pathway of independence ensures this continues uninterrupted. For Karyn Silenzi, senior wealth advisor at Canvas Wealth, this is a key message. “It was very important to us that there were wins all along the value chain. [The move] has to be better for the clients, it has to be better for us individually, it has to be better for our team, and it has to be better for whoever we choose to partner with. And that’s what we’ve found with this structure, there’s a win at every level.”
For Q Wealth, the addition of Canvas represents a genuine coup and their biggest new partnership to date, setting them up to cross the $5 billion in assets milestone.
For Jared Rabinowitz, CEO, Executive and Founding Partner, welcoming another team of bank advisors into the fold is the icing on the cake on what has been a significant year of growth for Q Wealth. The Canvas team are, he said, the “quintessential, Quintessence Wealth partner,” which is reflected not just in their humanistic planning first approach but also in their personal integrity. Rabinowitz still remembers how Andrews and Molina refused to let Q pay for their first lunch meeting so as to not feel like they owed them anything. It struck a chord.
