WealthBar announces acquisitionBy The IJ Staff | October 21 2019 02:00PM
WealthBar Financial Services, a wealth management platform and a subsidiary of CI Financial, announced Oct. 21 that it has acquired Snap Projections.
Snap Projections offers financial planning software to help wealth professionals build customized wealth and retirement plans for their clients.
Wealthbar says the acquisition reflects its “vision of ensuring all Canadians can access quality financial planning as it continues to expand the advisor side of its business.”
"We're thrilled to welcome Snap Projections to the WealthBar family," said Tea Nicola, co-founder and Chief Executive Officer of WealthBar. "Snap gives advisors a powerful way to build engagement with clients by conveying a visual story of what they're working towards. With this partnership we're expanding on the support that we provide to the advisor community as they build their businesses."
Will continue to operate as a separate firm
Snap Projections launched five years ago. As part of the acquisition, WealthBar says it will be making additional investment into Snap Projections to accelerate future product development, develop new channel partnerships, and grow its team. Snap Projections will continue to operate as a separate firm under its existing leadership.
"Many Canadians can benefit from the expertise of a professional financial advisor and the combination of Snap and WealthBar demonstrates how digital services can enhance and strengthen the advisor-investor relationship," said Kurt MacAlpine, Chief Executive Officer of CI Financial. "It's another example of how CI Financial companies are using technology to deliver added value to our clients."