Montreal-headquartered PWL Capital Inc. has acquired EB Wealth, an independent advisory firm based in Halifax, expanding its reach in the country.
In a release Monday, PWL said the deal reflects “a broader initiative to unite like-minded independent firms and redefine what it means to be an independent wealth management firm in Canada.” It comes just months after PWL acquired Regina-based boutique advisory firm TCM Financial Studio.
“For nearly [30] years, PWL has built its reputation on a simple truth: markets work, and good planning matters,” said Cameron Passmore, CEO of PWL Capital, in the release.
“In a country where much of the financial industry still relies on sales-driven advice, we believe Canadians deserve something better: advice grounded in evidence, guided by values, and delivered by people who put clients first. This expansion into Halifax helps us make that vision national.”
EB Wealth is led by Trevor Daigle and Brett Watt. The independent wealth management firm was founded in 2019.
Daigle said in the release that joining PWL allows EB Wealth to stay true to its philosophy that financial planning should be “personal and principled,” while “gaining the tools, research, and scale to offer even more value to our clients.”
PWL is a Montreal-based boutique retirement and wealth firm that was founded in 1996. It was acquired by Atlanta-based OneDigital earlier this year, operating as an independent subsidiary.