Arton Investments, the regulated subsidiary of Arton Capital, has acquired the client portfolio of AURAY Capital Canada (ACC), which has exited the Quebec Immigrant Investor Program (QIIP).
The transaction, announced on April 10, transfers hundreds of active clients currently in transition, along with what Arton describes as approximately 20,000 historic client relationships.
Arton did not disclose the financial terms of the acquisition.
ACC’s departure shrinks the field of authorized financial intermediaries for the QIIP. The Quebec government’s official list, updated March 20, 2026, now shows six intermediaries: Arton Investments, Sherbrooke Street Capital, Dubeau Capital, Société de fiducie Blue Bridge, Trust Eterna, and Valeurs mobilières Peak.
ACC traces its QIIP involvement to 2013, when Raymond Chabot Grant Thornton acquired the immigrant investor business previously operated by Desjardins. Marc Audet, ACC’s president, said he began his career 30 years ago at Desjardins, where he led the Immigrant Investor division at Desjardins Trust before heading ACC. He claims to have supported over 25,000 immigrant investors across both tenures.
“For more than a decade, AURAY Capital Canada has proudly served QIIP candidates with professionalism and care,” Audet said. “Arton Capital’s scale, history, and global reputation make them the ideal steward for our clients’ future.”
Arton Investments claims the acquisition makes it the largest participant in the QIIP, with an estimated 40% market share and what it describes as a 100% success rate. Neither figure has been independently verified. The firm says it has worked with the QIIP since 2006.
Armand Arton, founder and CEO of Arton Capital, framed the deal as a commitment to program continuity. “This acquisition underscores our nearly two-decade commitment to the QIIP and to the families who have placed their trust in it, and us, over the years,” he said. “Our focus remains clear: safeguarding the integrity, continuity, and long-term success of the program while maintaining our status as a trusted partner to the Government of Quebec.”
Program Context
The QIIP relaunched in January 2024 after a suspension that began in late 2019. The revamped program requires that applicants demonstrate upper-intermediate French proficiency, make a C$200,000 non-refundable contribution alongside a C$1 million government-guaranteed investment, and complete a 12-month physical presence requirement in Quebec.
Canada’s only passive investment immigration pathway, the QIIP, remains unique among the country’s business immigration streams.
