Deals: Bloomridge buys RMB Wealth Management [Investment Executive - News]
Royal Bank Of Canada (RY)
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Source: Investment Executive - News
iStockphoto IE Staff Investment management and advisory firm Bloomridge has acquired fellow Montreal-based firm RMB Wealth Management, which was established more than 20 years ago. In a press release, Bloomridge said the combination “brings together RMB's established client relationships with Bloomridge's investment and governance approach.” Terms of the deal were not disclosed, but former RMB president Robert Bastarache has joined Bloomridge as a partner and portfolio manager. “Reflecting our commitment to providing clients with top-quality support, this integration reinforces continuity in our institutional approach based on transparency and service,” Bloomridge CEO Nicholas Lebuis said. — Royal Bank of Canada has acquired Pinch Financial, a fintech that offers a digital mortgage qualification platform. Terms of the deal were not disclosed. Founded in 2016, Pinch allows Canadian consumers to qualify for mortgages across multiple financial institutions online. “This acqu
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