Deal adds alternative investment expertise as Nour expands platform for high-net-worth clients
Nour Private Wealth is stepping deeper into investment management with an agreement to acquire Goodwood Inc., a Toronto-based fund manager with nearly 30 years in the Canadian market.
The transaction signals a strategic shift for the growing wealth firm as it builds out in-house portfolio and alternative investment capabilities and will be completed through Nour Private Management Inc., an affiliate of Nour Private Wealth.
Under the definitive agreement, Nour Private Management will purchase all issued and outstanding shares of Goodwood. Closing is expected on or around January 30, 2026, subject to regulatory approval and customary conditions.
The deal reflects Nour’s effort to move beyond traditional advisory and portfolio management services toward proprietary investment management. Goodwood operates as both an investment fund manager and CIRO-registered dealer across multiple provinces, giving Nour an established platform for fund manufacturing and alternative strategies.
Nour Private Wealth, founded in 2018, has focused primarily on ultra-high-net-worth families and institutional clients. Until now, its offering has centered on discretionary portfolio management and wealth planning. The addition of Goodwood introduces a dedicated fund management business under the same corporate umbrella — a move that could eventually broaden product options available to advisors aligned with the firm.
“We are honored to have the prospect of welcoming Goodwood to the Nour Private Wealth family,” said Elie Nour, Nour CEO. “This prospective collaboration will strengthen our platform and reinforce our shared dedication to disciplined portfolio management, purposeful advice, and enduring client relationships.”
Goodwood brings a long-standing presence in Canadian capital markets and experience running investment funds — capabilities that can be difficult for newer wealth firms to build organically. The transaction also reflects ongoing consolidation in the independent wealth space, where firms are seeking scale not only in distribution but also in product development.
While the companies have not disclosed financial terms, both indicated that operations will continue with a focus on disciplined investment processes and client service after closing.
