Wealthsimple

Wealthsimple for Advisors in its acquisition by Purpose Advisor Solutions

Client

Wealthsimple

Value

-

Service

Emerging and High Growth Companies

Date Closed

January 2020

Industry

FinTech

Lead Office

Toronto


 

On January 23, 2020, Wealthsimple for Advisors announced its acquisition by Purpose Advisor Solutions. The acquisition will allow Wealthsimple to enhance their advisor business through the offering of new capabilities such as digital onboarding, investment analytics and financial planning tools. Terms of the acquisition were not disclosed.

Wealthsimple is an online investment management firm focused on its automated management platform targeted towards financial planners, investment advisors, portfolio managers and dealers.

Purpose Advisor Solutions is a Toronto based technology company specialized in practice management technology for financial advisory businesses.

Osler, Hoskin & Harcourt LLP advised Wealthsimple with a team consisting of Chad Bayne and Justin Dharamdial (Emerging and High Growth Companies), Dov Begun (Tax) and Kojo Hayward (Corporate).

Osler, Hoskin & Harcourt LLP also advised Purpose Advisor Solutions with a team consisting of Andrew Aziz, Lori Stein and Kai Sheffield (Corporate).

 


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Justin Dharamdial

Justin Dharamdial

Associate, Emerging and High Growth Companies

Dov  Begun

Dov Begun

Partner, Taxation

Andrew W.  Aziz

Andrew W. Aziz

Partner, Corporate

Lori Stein

Lori Stein

Partner, Corporate Department

Kai Sheffield

Kai Sheffield

Associate, Corporate

Kojo Hayward

Kojo Hayward

Associate, Corporate