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New Deal


Announced

Completed

Purpose Advisor Solutions completed the acquisition of Wealthsimple for Advisors.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

wealth management platform

Friendly

Majority

Single Bidder

Canada

Private

Completed

Financial Data and Systems

Acquisition

Synopsis

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Purpose Advisor Solutions, a provider of practice management technology for financial advisory businesses, completed the acquisition of Wealthsimple for Advisors, a wealth management platform for financial planners, investment advisors, portfolio managers and dealers. Financial terms were not disclosed. “We are excited to continue to help advisors innovate and provide industry-defining experiences for their clients. We have a number of initiatives in progress that will continue to show our combined team’s commitment to helping advisors and PMs differentiate themselves and succeed. We firmly believe in truly integrated tech capabilities that provide full and seamless advisor-client experiences,” J-F Courville, PAS Managing Partner.

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