WealthBar

WealthBar with respect to CI Financial’s acquisition of a majority stake in WealthBar

Client

WealthBar Financial Services Inc.

Value

-

Service

Mergers and Acquisitions

Date Closed

January 2019

Industry

FinTech

Lead Office

Vancouver

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).