Skip to content

Proposed Regulatory Changes Enhance Opportunities for Independent Advice

November 25th, 2019

For many of the advisors we meet with, a primary reason to move to an Investment Counseling model is to get out from under the burden of the overly restrictive and bureaucratic regimes of rules imposed on them by “Compliance.” They feel that compliance rules are limiting their ability to…

Read

Moving Beyond Transition and Building Your Business

November 6th, 2019

The primary focus for many advisors making a change is on the transition phase of a new business; however, moving beyond transition is where you can best capitalize on the opportunities presented by going independent.  The key to transforming your firm from functioning to flourishing is improving your client experience,…

Read

Making a Successful Transition to Independence

September 13th, 2019

Changing firms is a major decision and one that should not be made without significant consideration.  The first step to a successful transition is knowing when to start the process. For some, the change might be triggered by conflict in their current workplace. For others, they may want more control…

Read

Preparing for the Transition to Independence

June 17th, 2019

Setting out to build your own business is an exciting proposition, but it is essential to know what you are getting into before you take the leap. Launching your independent firm creates many advantages and opportunities for advisors: freedom to operate your business how you think best meets the needs…

Read

A new era in wealth management

November 6th, 2018

The wealth management industry is evolving and the rate of change is accelerating. While regulators have had an impact, it is the evolving expectations and behaviours of consumers that are really driving the pace of change in the business. Clients’ expectations are increasingly being set by newcomers such as Wealthsimple,…

Read

BNN Bloomberg: Purpose to buy Wealthsimple unit to expand digital platform

January 24th, 2020

Purpose Financial agreed to buy a division of Wealthsimple Inc. for an undisclosed sum to expand its digital platform for financial advisers. Purpose Advisor Solutions, which is majority-owned by Toronto-based Purpose Financial, will purchase Wealthsimple For Advisors, creating one platform designed to unlock new business opportunities for independent advisers and…

Read

Wealth Professional: Purpose’s acquisition of Wealthsimple for Advisors means ‘opportunities are limitless’

January 24th, 2020

CEOs Jeff Gans and J-F Courville tell WP they now provide a ‘real set of options’ for independence and autonomy. The “opportunities are limitless” according to the CEO of Purpose Advisor Solutions (PAS) after it announced its acquisition of Wealthsimple for Advisors (W4A). The deal will create a combined $1.6 billion…

Read

Globe and Mail: Subsidiary of Som Seif’s Purpose Financial buying Wealthsimple’s financial-adviser business

January 24th, 2020

Som Seif’s Purpose Financial LP is making a major move into the financial-adviser business by scooping up Wealthsimple for Advisors. In a deal announced on Thursday, Purpose Advisor Solutions – a subsidiary of Purpose Financial – will acquire robo-adviser Wealthsimple’s business-to-business division, Wealthsimple for Advisors. No financial details…

Read

Advisor’s Edge: Purpose Advisor Solutions acquires Wealthsimple for Advisors

January 23rd, 2020

Toronto-based Purpose Advisor Solutions, a business back-end provider for advisors and firms, is acquiring Wealthsimple for Advisors, the firm said Thursday. The acquisition of the Wealthsimple subsidiary will strengthen Purpose’s turnkey wealth platform, CEO Jeff Gans said in an interview.

Read

Wealth Professional: Purpose Advisor Solutions to acquire Wealthsimple for Advisors

January 23rd, 2020

Purpose Advisor Solutions (PAS) is acquiring Wealthsimple for Advisors (W4A) to create a combined $1.6 billion AUM wealth platform. The cost of the deal was not disclosed but WP understands it is expected to close in the next three to six months. W4A, a subsidiary of Wealthsimple which supports advisors…

Read

Wealthsimple for Advisors Joining Purpose Advisor Solutions to Create Leading Canadian Independent Wealth Platform

January 23rd, 2020

Combined business to provide advisors access to leading software and digital services Agreement unites two experienced teams and technology to further strengthen leadership in advisor services in Canada TORONTO, Jan. 23, 2020 (GLOBE NEWSWIRE) — Today, Purpose Advisor Solutions (“PAS”) and Wealthsimple for Advisors (“W4A”) announced they…

Read

Recent developments may usher new era of advisor independence

January 22nd, 2020

Financial advisors in Canada could soon find it much easier to work independently of large brokerage firms – a rapidly growing trend in the United States – amid changing regulations and advances in investment-management technology that makes going it alone more convenient and cost-effective. A turnkey asset management program…

Read

Purpose Financial announces the launch of Harness Investment Management and partnership with Welch LLP to streamline wealth management for its clients

November 5th, 2019

Purpose Financial is pleased to announce the launch of Harness Investment Management Inc. (Harness) and its partnership with Welch LLP’s new Family Wealth Management Group. Through this partnership, Welch LLP will be able to deliver to its clients a holistic and streamlined wealth management experience, integrating its existing tax and…

Read

Markets Insider: Foundation Wealth Partners and Purpose Advisor Solutions Partner to Offer a New Wealth Management Business Model

October 3rd, 2019

Foundation Wealth is excited to announce its launch and partnership with Purpose Advisor Solutions (PAS). Through this partnership, Foundation Wealth will be able to use PAS’s Advisor Wealth Platform to enable the turn-key operations and management of its advisory business.

Read

Wealth Professional: Partnership promises new wealth-management business model

October 3rd, 2019

Foundation Wealth Partners, a new partnership-based portfolio management firm, has announced an alliance that will provide advisors a turn-key solution to establish and manage their own independent businesses.

Read

Create the company you’ve always wanted to work for

Contact us to learn more about transitioning your business

Contact Us

1128 Yonge Street, Suite 300,
Toronto, ON M4W 2L8