On January 23, 2019, WealthBar announced the completion of their purchase transaction whereby CI Financial Corp. acquired 75% of WealthBar’s issued and outstanding common shares.
WealthBar is one of Canada’s leading wealth management and financial planning robo-advisory firms for retail investors and portfolio advisors.
Established in 1965, CI is one of the largest investment companies in Canada and has over $173 billion in fee-earning assets.
Osler, Hoskin & Harcourt LLP represented WealthBar with a team consisting of Mark Longo, Patrick Sullivan and Tara Folk (Corporate), Adam LaRoche (Employment & Labour), Lori Stein (Investment Funds and Asset Management), Sam Ip (Technology) and Dov Begun (Tax).