Wisdom Tree and Questrade Form Strategic Partnership

August 28, 2017

On July 27, 2017, WisdomTree Investments, Inc. announced a strategic partnership with Questrade Wealth Management Inc. and Questrade, Inc.

Under the terms of the agreement, WisdomTree Investments, Inc. (“WisdomTree”), through its wholly-owned Canadian subsidiary, will acquire the right to manage eight of Questrade Wealth Management Inc.’s (“Questrade”) ETFs and it is expected that for most of the funds, the Questrade ETFs will merge into existing ETFs managed by Wisdom Tree. In turn, WisdomTree, through another wholly-owned subsidiary will become a consultant to Questrade, Inc. product Portfolio IQ, its online investment service. The transaction is subject to regulatory and shareholder approvals.

WisdomTree, based in New York, is an exchange-traded product and ETF asset management firm and sponsor, specializing in products involving alternative strategies, fixed income, equities and commodities. WisdomTree and its subsidiaries throughout the U.S., Europe, Japan and China have approximately $45.4 billion in assets under management.

Questrade is a Canadian registered portfolio manager, investment fund manager, and exempt market dealer providing financial products and services in securities, foreign currency investment and online wealth management. Questrade, Inc. has over $5 billion in assets.

To read the press release: please click here.


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Investment Manager M&A, Investment Manager Strategic Investments, Mutual Fund M&A, Mutual Fund Strategic Investments, Transactions