BNY Mellon Agrees to Purchase I(3) Advisors of Toronto

June 18, 2010

BNY Mellon announced that it has entered into an agreement to purchase independent wealth advisory company I(3) Advisors of Toronto.

In a press release dated June 18, 2010, BNY Mellon announced that it has entered into an agreement to purchase independent wealth advisory company I(3) Advisors of Toronto (“I(3) Advisors”).  I(3) Advisors, which has more than C$3.5 billion of assets under management, will be BNY Mellon’s first wealth management acquisition in Canada.  June Ntazinda, CEO of I(3) Advisors, will stay in her current role at the Canadian firm and will report to BNY Mellon Wealth Management Executive Vice President Don Heberle.  The terms of the transaction were not disclosed.  The deal is expected to close in the third quarter, subject to regulatory approvals.

For more information, read the press release here.


Categories

Investment Manager M&A, Transactions