GMP Capital

Text/HTML

Overview


GMP Capital Inc. (GMP) operates through two business segments: Operations Clearing and Wealth Management; and a Corporate segment. Operations Clearing (through RF Securities Clearing LP) provides carrying broker services to Richardson GMP and carrying broker services to Stifel’s Canadian capital markets operations, including trade execution, clearing, settlement, custody, and certain other middle- and back-office services, and other expenses associated with providing such services. Wealth Management consists of GMP’s non-controlling ownership interest in Richardson GMP Limited. Richardson GMP Limited, one of Canada’s largest independent wealth management firm, is focused on providing exclusive and comprehensive wealth management and investment services delivered by an experienced team of investment professionals. GMP is listed on the Toronto Stock Exchange under the symbol “GMP”. 

History


Timeline

Present

  • GMP Capital completes the sale of substantially all of its capital markets business to Stifel Financial Corp. and intends to pursue significant opportunities in wealth management with a view to consolidate 100% of ownership in Richardson GMP into GMP.                                       
2019
  • GMP Capital completes its acquisition of FirstEnergy Capital Corp., an industry leader in the independent global energy sector providing financial advisory and investment services to a broad range of corporate clients and sophisticated investors worldwide.

2016
  • Richardson GMP's shareholders collectively negotiate changes to the shareholder liquidity process that was implemented in connection with the 2009 business combination transaction, moving from a calendar-driven to a consensus-driven liquidity process.

  • Richardson GMP acquires Macquarie Private Wealth Inc. (Canada) for $132 million, significantly expanding business scale, assets under administration and financial strength.
2013
  • GMP Capital Inc. issues 4.6 million cumulative 5-year, rate reset series B Preferred Shares, for aggregate gross proceeds to GMP Capital of $115 million, providing GMP Capital with perpetual, low cost capital; commences trading on the TSX, under the ticker "GMP.PR.B."

2011
  • Richardson GMP formed through the combination of GMP Private Client L.P. and Richardson Partners Financial Limited, creating one of Canada's pre-eminent, independent wealth management firms.


  • GMP Capital Trust converts to a Corporation (becoming GMP Capital Inc.); trades on the TSX under the ticker GMP.
2009
  • GMP Securities Europe LLP (GMP Europe) begins operations in London, England.
2006
  • GMP Private Client L.P., a private wealth management firm, begins operations.

  • GMP Capital Corp. converts to an income trust (becoming GMP Capital Trust); trades on the TSX under the ticker GMP.UN.
2005
  • Griffiths McBurney & Partners goes public in a $110,000,000 IPO (becomes GMP Capital Corp.); begins trading on the TSX under the ticker GMP.
2003
  • Griffiths McBurney & Partners was founded with the vision of creating an energetic, entrepreneurial and independent investment dealer focused on serving corporate clients and institutional investors.
1995