Oakville, Ont. investment counseling firm HighView Financial Group has acquired the business assets of Toronto-based investor consulting firm Weigh House Group of Companies.
HighView announced the deal Wednesday in a statement. It did not disclose the price for the deal.
“We believe that the integration of our two firms will provide an industry leading offering for affluent families and institutional clients that continues to respect the philosophies and principles upon which Weigh House has been built,” said Mark Barnicutt, president, CEO, and co-founder of HighView.
“We are delighted to be a part of the HighView team,” said Warren MacKenzie, president & CEO of Weigh House. “The Weigh House business model was to offer a fiduciary relationship and complete transparency with respect to asset management. After years of building our business, we discovered that HighView is doing what we were trying to do – but because they have scale & resources – they are able to do it better!”
Gary Brent, chairman & co-founder of HighView, said that MacKenzie and Weigh House’s “solid reputation for providing objective and transparent asset consulting advice to affluent family clients and foundations is well-known and highly regarded.”