Forstrong’s Tyler Mordy seeks new growth avenues following SEAMARK combination
What’s changing for Forstrong, SEAMARK
Mordy emphasizes that the combination is designed to build on the strengths of both organizations, rather than change their underlying investment approaches. Forstrong’s top-down, global macro-driven asset allocation process will continue alongside SEAMARK’s bottom-up security selection expertise. Both investment teams will remain intact, maintaining their established investment processes and client relationships. The broader platform will allow the firms to collaborate where appropriate while maintaining their distinct approaches.
Mordy points to EXOS’ investment in technology, operational infrastructure and compliance as important advantages of the combination. These capabilities will allow the investment teams to dedicate more resources to research, portfolio management and client service, while creating a more scalable foundation for future growth. He also sees significant opportunities to leverage the complementary investment expertise and distribution relationships of Forstrong and SEAMARK across Canada.
The combination also creates opportunities to develop the next generation of investment leadership. Mordy points to the stability and continuity of Forstrong’s investment team over the past two decades as one of the firm’s defining strengths. As the organization grows, he wants to attract new talent, develop future leaders and build an investment platform that will last for decades.
How Mordy is targeting growth now
Mordy sees significant opportunities to build on the strengths and relationships of both firms. SEAMARK has established relationships with institutional and high-net-worth clients, particularly in Atlantic Canada, while Forstrong has built a national presence serving financial advisors, private clients and institutions. He says that combination creates opportunities to introduce a broader range of investment capabilities across these client channels. SEAMARK’s bottom-up equity and fixed-income expertise complements Forstrong’s global macro approach to asset allocation, creating a more comprehensive investment offering for clients across Canada, which Mordy expects will drive growth for the combined firm.
Beyond organic growth, Mordy wants to attract talented investment professionals and explore selective partnerships and acquisitions. He believes the investment management industry is entering a period of consolidation, as independent firms look for ways to access greater resources without sacrificing their investment independence or entrepreneurial cultures. The combined platform, he says, offers an attractive proposition for investment teams looking to grow within a larger organization while maintaining their distinct investment approaches.
