UPFRONT
INTELLIGENCE CORPORATE ACQUIRER
TARGET
PRODUCTS COMMENTS
CI Financial
Budros, Ruhlin & Roe
CI’s latest US RIA acquisition is a $3.4 billion firm based in Columbus, Ohio
iA Financial Group
FundEx Investments/ Investia
The merger unifies iA Wealth's MFDA division under the Investia brand
TD Bank
Headlands Tech Global Markets
TD has completed its acquisition of the Chicago-based quantitative fixed income trading company
PARTNER ONE
PARTNER TWO
COMMENTS
Altrio Partners
Real Capital Analytics
The integration of RCA's transaction data into Altrio's deal management platform will provide real estate investors with capital markets insights
Equitable Bank
Desjardins Insurance
The partnership broadens Equitable Bank’s life insurance lending program
Questrade
TipRanks
Questrade has partnered with TipRanks to provide interactive stock research capabilities, including a stock score service
Richardson Wealth
Fidelity Clearing Canada
The deal gives Richardson Wealth advisors access to Fidelity Clearing Canada’s uniFide digital platform
Mackenzie launches taxmanaged global equities fund
Mackenzie Investments has launched a new mutual fund that aims to deliver long-term tax-effective rates of return. The first of its kind in Canada, the Mackenzie Tax-Managed Global Equity Fund invests primarily in equity securities issued by companies of any size, located anywhere in the world. The fund reduces tax drag on investment returns through several strategies, including favouring longerterm investment opportunities; giving preference to companies with lower relative yield weighed against risk-adjusted return potential; and actively managing the portfolio, including using tax-loss harvesting, to minimize distributions.
Richardson Wealth joins forces with Fidelity Clearing Canada
Richardson Wealth has expanded its growth strategy by adopting uniFide, Fidelity Clearing Canada’s advisor technology platform. With uniFide, Richardson Wealth investment advisors – who have a collective $34 billion in AUM as of June 30 – will have access to a leading suite of customizable tools that promises a better advisor and client experience. As part of the partnership, Fidelity Clearing Canada will provide custody, clearing and trade settlement services. “This is a game-changer,” said Kish Kapoor, president and CEO of RF Capital, Richardson Wealth’s parent company. “The scalability that comes from the agreement with Fidelity Clearing Canada to take advantage of their world-class technology puts us in a stronger position to focus more intently on our core business of providing exceptional wealth management services.”
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Harrison Street introduces its first Canadian fund
Harrison Street, one of the world’s leading investment managers focused exclusively on alternative real assets, has made its Canadian debut with the first closing of the Harrison Street Alternative Real Estate Fund. Harrison Street said it will pursue investments in specialized real assets such as senior living, student housing, medical office, life sciences, storage and digital assets throughout Canada. Based on the fund’s targeted leverage and initial committed capital, the firm said it expects initial capacity to invest more than $550 million in stabilized cashflow-producing assets, with up to 35% committed to value-add strategies.
www.wealthprofessional.ca
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