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November 17, 2020

Nicola Wealth accelerates growth plan with Blackwood Partners acquisition

By Verdict Staff

Canada’s Nicola Wealth has expanded its national footprint with the purchase of real estate investment and asset management firm Blackwood Partners for an undisclosed sum.

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  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
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by GlobalData
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Toronto-based Blackwood caters to private and institutional clients.

The acquisition, which is part of Nicola Wealth’s strategic growth plan, will enable the company to provide real estate investment offerings to HNW clients as well as private and public institutions.

Additionally, the Vancouver-based company expects to support its diversification approach by combining Blackwood’s institutional platform with its own offerings and operational capabilities.

Blackwood managing partner John Hayes said: “Nicola Wealth shares our vision and many common values. We have a common pride in our remarkable customer service, our entrepreneurial approach to business, our collaborative team structures, and our focus on achieving results for our clients.”

Both the firms will maintain their business objectives and autonomy and will work alongside each other to identify synergies and opportunities.

Nicola Wealth Real Estate managing director Mark Hannah said: “We are pleased to welcome Blackwood to the Nicola Wealth family. We have complementary regional, asset, and investment expertise to build a diversified product and service offering to meet the ever-changing demands of the marketplace.”

In 2016, Nicola Wealth selected fintech provider SS&C Technologies Holdings for fund administration services.

Other M&A activities in Canada

This year, CI Financial took full ownership of Canadian online wealth manager WealthBar Financial Services and picked a majority stake in Ontario-based investment advisory business Aligned Capital.

In 2019, CI Financial also agreed to buy the Canadian unit of ETF provider WisdomTree Investments.

Further, last year, Montreal-based asset manager Fiera Capital agreed to acquire all outstanding common shares of Toronto-based peer Integrated Asset Management in a $74m deal.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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