Purpose Advisor Solutions Acquires Wealthsimple for Advisors
January 23, 2020
Purpose Advisor Solutions (majority owned by Purpose Financial) has acquired the Wealthsimple for Advisors business to create a single, advisor-focused wealth platform in Canada. The deal combines teams and technology to scale Purpose Advisor Solutions’ end-to-end advisor offering and accelerate investments in portfolio management, CRM, reporting, compliance and other digital services; Wealthsimple leaders J‑F Courville and Dave Nugent will join PAS as managing partners.
- Buyers
- Purpose Advisor Solutions
- Targets
- Wealthsimple for Advisors
- Sellers
- Wealthsimple
- Industry
- Wealth Management
- Location
- Ontario, Canada
- Transaction Type
- Divestiture
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