Founder and CEO of Harbourfront Group of Companies
Danny Popescu is an entrepreneur, wealth management professional, and philanthropist. He is the founder of Harbourfront Group of Companies, and Chief Executive Officer of Vancouver-based Harbourfront Wealth Management Inc. He is also the founder and Director of Harbourfront Gives Foundation, which has raised over $460,000 in donations for a number of local, national, and global charities.
Danny Popescu began his finance career at Canada Trust, where he gained valuable experience in lending and investments. Later, during his tenure as Senior Vice President at National Bank Financial from 2011 to 2013, Popescu specialized in tax minimization planning, portfolio construction, income planning, and philanthropic planning.
Having accumulated significant experience, Danny Popescu felt it was time to start his own firm and founded Harbourfront Wealth Management in 2013. He established an investment firm with a personal investment of $11 million and six employees. Since that time, the valuation of the firm has grown, with the enterprise value of the firm rising to $425 million in 2022, when Audax Private Equity Group made a nine-figure investment into the firm, recognized as a finalist of ACG BC’s Deal of the Year.
As a thought leader in the financial industry, Danny Popescu is frequently sought after for his expertise and insights. He has shared his knowledge through speaking engagements, conferences, and media appearances, inspiring others with his innovative ideas and entrepreneurial spirit.
Danny Popescu is also deeply committed to giving back to his community. This led him to establish the Harbourfront Gives Foundation, a charitable organization dedicated to making a positive difference in Canada and around the world. The foundation's mission is to support various causes, including education, healthcare, and social initiatives, aiming to uplift disadvantaged individuals and communities by supporting food banks, children's hospitals, and educational programs.
Danny Popescu’s philanthropic endeavors extend beyond monetary contributions. He actively engages in community initiatives, volunteering his time and expertise to create meaningful change.
Danny Popescu’s dedication has not gone unnoticed. He has been honoured with several prestigious awards and recognized as a top advisor by respected industry publications. At the age of 32, he was recognized as Canada’s top advisor at the country’s largest asset management firm. He’s also been named one of Business in Vancouver’s Top Forty under 40, and one of Canada's Top 50 Industry Leaders by Wealth Professional. Under his leadership, Harbourfront Wealth Management has been named Brokerage of the Year for three years running, and was recently recognized as a finalist for Multi-Office Advisor Network/Brokerage of the Year, Most Innovative Use of Wealth Tech, and Employer of Choice by Wealth Professional Magazine.
Through his leadership of Harbourfront Wealth Management and the Harbourfront Gives Foundation, Danny Popescu continues to leave an impact on both the financial landscape and the communities he serves.
He remains committed to empowering individuals, supporting businesses, and driving positive change.
Learn More About Danny
Danny Popescu’s rise began with dreams, goals and the drive to achieve them.
Here are some little-known facts about Danny’s story:
– Danny was a Finalist for EY Canada Entrepreneur Of The Year 2023 award;
– Danny was a Finalist for ACG British Columbia 2022 Dealmakers of the Year Awards;
– Danny is a Member of the YPO (Young Presidents’ Organization) in Vancouver, Canada since March 2018
– Danny Popescu began working as a bank teller at age 23 in Toronto, where he started to learn the ropes of the industry and began moving up.
– When he moved to Vancouver in 2001, he knew he wanted to be part of an investment advisory business but didn’t know how to begin. Not knowing anyone in the city, he stood on the street downtown and began talking to business people on their lunch breaks about tax and investments with a little survey he would give out.
As founder of one of the fastest growing independent wealth management firms in Canada, Danny Popescu is perfectly positioned to make a difference in the North American financial services industry — and he is wasting no time in doing just that.
By bringing the benefits of pension-style, private investment vehicles to retail investors, he is opening up access to a much broader range of individuals and institutions in Canada.
Danny launched Harbourfront Wealth Management with an $11 million personal investment and six employees. In 2022, the enterprise value of the firm rose to $425 million, when the Boston-based private equity firm Audax Private Equity Group purchased a stake in the company via a nine-figure investment. Today, Harbourfront Wealth has over 270 employees across Canada and 28 locations.
Recently, Danny Popescu sat down to discuss the financial services landscape and the legacy he is creating.
Vancouver-based independent wealth manager Harbourfront Group has secured its first private funding to help boost its growth plans, which include two possible acquisitions this year.
The company, which has about $4-billion in assets under administration and $2-billion in assets under management, announced Tuesday that it has secured financing from Boston-based Audax Private Equity, which values Harbourfront at $425-million.
Vancouver-based Harbourfront Wealth Management’s got a winning formula.
It doubled, growing by $2 billion with a 60% increase in its top line revenue and profitability, during the pandemic, and it’s on a trajectory to have $6 billion of assets under administration (AUA) and $3 billion of assets under management (AUM) from its integrated advisory and asset management business by the end of 2022, says Danny Popescu, its chief executive officer.
This Wealth Management Firm Is Valued at $425 Million And Is On Track To Establishing $1.5 Billion In Enterprise Value By 2027
Harbourfront Wealth Management is a firm that embodies a philosophy of independent and unbiased advice with a commitment to delivering more financial independence for Canadians. Last year, Harbourfront received a nine-figure investment from Audax Private Equity. And CEO Danny Popescu and the firm were recognized for having an independent approach to wealth management with a unique business model. This includes the creation of uniquely architected private securities more practical for the retail investor space.
Danny Popescu, Founder of Harbourfront Wealth Management: Building Bonds Through Employee-Owned Firm
Danny Popescu is the founder and CEO of Harbourfront Group of Companies, parent company to a number of financial services businesses including Vancouver-based Harbourfront Wealth Management, an Investment Fund Manager that specializes in managing sub-advised alternative investment funds, and its U.S. company, Harbourfront Wealth America.
CEO Danny Popescu: Innovative Leadership Leads To Big Growth For Harbourfront Wealth Management
What happens when you take an employee-owned wealth management firm, diversify its client offerings with private securities, and then add some creative partnerships?
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