Purpose Unlimited Enhances Wealth Management with Steadyhand Deal
Purpose Unlimited Completes Acquisition of Steadyhand
Purpose Unlimited Inc., a rapidly expanding financial services firm, has recently announced the completion of its acquisition of Steadyhand Investment Management Ltd. and Steadyhand Investment Funds Inc. This strategic move is set to enhance Purpose Unlimited’s offerings in the wealth management domain, bringing together a remarkable firm based in Vancouver with a legacy of outstanding client service and an investor-first philosophy.
What This Acquisition Means for Investors
New Opportunities for Wealth Management
By integrating Steadyhand into its operations, Purpose Unlimited aims to broaden its capabilities and enhance customer experiences. Steadyhand has developed a reputation for delivering personalized investment solutions that focus on clear, achievable outcomes for its clients. With approximately $1.3 billion in assets under management, the integration allows Purpose Unlimited to significantly boost its total assets, now surpassing $30 billion.
Commitment to Client Success
Som Seif, the founder and CEO of Purpose Unlimited, expressed enthusiasm about the merger, highlighting the shared commitment to client success. Steadyhand's founder, Tom Bradley, also echoed this sentiment, emphasizing that joining forces would deepen their ability to serve clients while preserving the essential qualities that have defined Steadyhand since its inception.
A Broader Platform for Financial Solutions
The acquisition enables Purpose Unlimited to leverage Steadyhand's existing resources, methodologies, and established market presence. As a result, all investment products formerly managed by Steadyhand will now transition to Purpose Investments Inc., a fully owned subsidiary dedicated to asset management. This change is set to improve the investment landscape for Canadian clientele by offering innovative solutions tailored to their needs.
About Purpose Unlimited
Purpose Unlimited is more than just a financial services provider; it is a visionary collective intent on reshaping Canada's financial future. Under Som Seif's leadership, the firm champions a client-first approach that prioritizes unique needs over wholesale solutions. By combining cutting-edge technology with a variety of services—ranging from asset management to small business financing—Purpose empowers its clients to thrive financially and confidently pursue their goals.
Innovative Financial Solutions
With initiatives like Purpose Investments, Driven by Purpose, and Longevity, Purpose Unlimited offers a comprehensive suite of services designed to cater to a diverse clientele, from individual investors to large organizations. Their commitment exceeds mere financial advice; it encompasses a philosophy where every client interaction is rooted in understanding and responsiveness.
About Steadyhand
Steadyhand is recognized for providing low-fee investment management services tailored specifically for Canadians. Their mission revolves around enhancing the investing experience, delivering succinct advice, and ensuring tailored approaches to meet the varying needs of investors. With a well-established reputation and a solid presence in both Vancouver and Toronto, Steadyhand has positioned itself as a trusted partner in financial achievement.
Shared Values and Future Aspirations
The collaboration between Purpose Unlimited and Steadyhand symbolizes a shared mission to redefine the landscape of wealth management in Canada. By maintaining their independent philosophies while pooling resources, both firms are poised to advance their objectives better and help clients achieve extraordinary results.
Frequently Asked Questions
What prompted Purpose Unlimited to acquire Steadyhand?
The acquisition aims to enhance Purpose Unlimited’s offerings in wealth management and increase the total assets managed to over $30 billion.
How will Steadyhand's clients be affected by the acquisition?
Clients will continue to receive personalized investment management while benefiting from the broader resources and services that Purpose Unlimited offers.
What are the goals of Purpose Unlimited post-acquisition?
The primary goal is to expand their offering while preserving Steadyhand's commitment to customer service and innovative financial solutions.
Will Steadyhand retain its brand identity after the acquisition?
While Steadyhand will operate under Purpose Unlimited, the brand's values and commitment to client care will be upheld and enhanced.
How can clients learn more about Purpose Unlimited and its services?
Clients can visit Purpose's official website for more information about its diverse range of financial products and investment options.
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