(December 3 – 09:20 ET) –
YMG Capital Management Inc.
has agreed to acquire the business
of Nisker Associates, Inc.,
a Toronto-based wealth management
firm.
Nisker focuses on the high net
worth market. It will combine its
wealth management business with
money manager YMG. The firm says
that it will begin offering all of
its sophisticated services,
including tactical asset
allocation, market neutral
products, global asset management
and specialized fixed income and
equity investment processes.
Neil Nisker will become
president of YMG’s Private Wealth
Management Group. The group,
which will have combined assets of
$200 million, expects to grow both
organically and through additional
deals. YMG has a total $11 billion
under management.
“By combining YMG’s investment
expertise and record of success
with Nisker’s extensive knowledge
and experience in the investment
community, we intend to create one
of Canada’s leading integrated
wealth management firms,” said
Greg Edwards, president and CEO of
YMG.
The deal remains subject to
regulatory approval. The terms were
not disclosed.
IE Staff
For more information, please see: