Richardson Wealth Ltd. and Bloom Burton & Co. Inc., both based in Toronto, have partnered to expand their healthcare sector–focused services.
Richardson Wealth will gain access to Bloom Burton’s “healthcare-specialized research,” alongside new issues and investment funds, a release said. In return, Bloom Burton’s issuer and institutional clients will have access to a wider range of investment advisors.
The two firms may also leverage “extensive cross-referral opportunities,” the release said.
Kish Kapoor, president and CEO of Richardson Wealth’s parent company RF Capital Group Inc., said in the release that the goal is to support advisors “by providing access to a broad and growing suite of innovative wealth management solutions.”
“Bloom Burton covers dozens of healthcare companies in the biotechnology, pharmaceutical, medical technology and healthcare services sectors, and they are at the top of every Canadian healthcare league table for financings and corporate advisory,” he added.
Brian Bloom, chairman and CEO of Bloom Burton, noted that Richardson Wealth has 32,000 clients and more than $30 billion in client assets, making it “the ideal partner.”