Merchant, the global leader in providing growth capital, management resources, and strategic guidance to independent financial services firms, today announced its strategic entry into the Canadian market. This growth is being fueled through an affiliation with SPM Financial, an independent financial services firm administering more than $1 billion CAD in assets.
To spearhead this initiative, Merchant has appointed Todd Fithian, an extremely experienced professional with near to 25 years of experience working in the Canadian financial services sector. Fithian’s deep understanding of the Canadian wealth management landscape and his established network will help him identify future investment opportunities and offer strategic and operational value additions to the partner firms.
The Co-founder and Managing Partner at Merchant, Tim Bello, even welcomed the appointment warmly: “We are thrilled to have Todd join the Merchant team. His deep understanding of the Canadian market and his personal relationships will be invaluable in our pursuit of growth.”
Under this collaboration, SPM Financial will gain access to an enhanced suite of resources, including succession planning, business asset transition services, and advanced operational and technological solutions. These resources aim to increase operational efficiency, support scalability, and improve client service, thereby strengthening SPM Financials’ competitive edge in the market.
Tim Faught, Partner at SPM Financial, expressed enthusiasm about the new partnership, stating, “We are excited to collaborate with Merchant and leverage their deep expertise to enhance our business. Merchant’s dedication to supporting independent firms aligns seamlessly with our objectives, and we are confident this partnership will foster our growth while delivering exceptional value to our clients.”
Merchant’s expansion into Canada represents a key milestone in its broader strategy to build a global network of leading wealth management firms. By joining forces with industry experts like Todd Fithian and established firms such as SPM Financial, Merchant is strategically positioning itself to capitalize on significant growth opportunities in the Canadian market.
“I am excited to offer this unique opportunity to advisors across Canada,” said Todd Fithian. “With nearly three decades of experience in the Canadian financial sector, I am proud to present a model that enables advisors to retain control over their businesses while gaining the support of a capital partner with deep industry knowledge and resources.”
