Venture-backed Wealthsimple acquires ShareOwner Investments
Wealthsimple Financial Inc has bought Canadian ShareOwner Investments Inc, an automated investment manager. No financial terms were released. Wealthsimple, a Toronto-based online investment manager, said the acquisition creates the only automated investing service that administers an end-to-end investment experience for clients. Launched in 2014, Wealthsimple today manages over 10,000 clients and some $400 million in client assets. Earlier this year, it entered into a partnership with Power Financial Corp that will result in up to $30 million in funding. Wealthsimple is also backed by Impression Ventures and several angel investors.
2 December 2015•3 mins read
