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June 9, 2020

Optimize Wealth Management swoops on Lifestyle Wealth

Optimize Wealth Management has expanded into the heart of southern Ontario, Canada, with the takeover of Lifestyle Wealth.

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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.

Financial terms of the deal were not revealed.

Through the takeover, Optimize will gain access to three new offices in the Welland, Port Colborne, and Kitchener/Waterloo areas.

With Optimize’s adviser platform, advisers can offer a multi-family office service proposition to their clients.

The firm provides financial planning, tax and estate planning, mortgage and insurance services.

Optimize head of Advisory Channels and Corporate Development Matthew McGrath said: “Lifestyle Wealth’s mission to deliver clarity, direction and an improved lifestyle to their clients perfectly complements Optimize’s approach to its full-service wealth management services.

“We believe this acquisition is an excellent fit for both parties. Pairing Optimize’s robust portfolio management and multi-family office platforms along with the dedicated and premiere financial planning services of Lifestyle Wealth will provide clients with a significant amount of value.”

Recent developments in Canada  wealth management

Last month, US-based investment bank Morgan Stanley tapped Canaccord Genuity to facilitate its entry into the wealth management business in Canada.

Canaccord Genuity will serve as the local platform provider of Morgan Stanley in the country.

Earlier this year, Canadian asset manager CI Financial acquired the Canada unit of New York-based ETF provider WisdomTree Investments.

 

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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