Burlington, Ont.-based Aligned Capital Distribution Inc. has acquired independent investment dealer Money Managers Inc.
Based in Peterborough, Money Managers offers a wide range of wealth management products to retail clients in Ontario. As a result of the acquisition, the name of Money Matters has been changed to Aligned Capital Partners Inc.
“The acquisition of Money Matters by Aligned Capital is a significant milestone as it allows us to build on a strong base of business and gives us the opportunity to offer Canada’s advisors a unique business model and a client centric product and service firm in which they can grow their practice” said Michael Greer, a managing director of Aligned Capital Partners, in a release.
Frank Konopaski, the former president of Money Matters will continue as a member of the company’s board of directors and will also guide the company’s newly created advisory council.
As well, Michael Konopaski will continue to act as the company’s chief financial officer and interim chief compliance officer.