BNY Mellon has announced the purchase of I3 Advisors of Toronto, an independent wealth strategy company with more than $3.8 billion in assets under advisement. This transaction represents BNY Mellon’s first wealth management acquisition in Canada. "Together, we will be able to build on the success of I3 to offer a whole new level of service to wealthy investors. Canada’s high net-worth market represents a very attractive opportunity for BNY Mellon as we accelerate our global expansion and seize new opportunities in dynamic markets," said BNY Mellon Wealth Management CEO Larry Hughes.
Read more : BNY Mellon expands in Canada with wealth firm acquisition