BMO announces the acquisition of Burgundy Asset Management Ltd. for approximately $625 million, enhancing its wealth management services for high-net-worth clients in Canada.
Information on the Target
Burgundy Asset Management Ltd. is a prominent independent wealth management firm based in Canada, specializing in discretionary investment management for a diverse clientele, including private clients, foundations, endowments, pensions, and family offices. As of May 31, 2025, Burgundy manages approximately $27 billion in assets. Founded in 1990, the firm has built a solid reputation in the financial sector and employs a dedicated team of 150 professionals across its offices in Toronto, Vancouver, and Montreal.
Burgundy is known for its rigorous investment processes and high-quality service. The firm aims to foster long-term relationships with clients, serving families across generations and tailoring its services to meet their unique investment needs.
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Industry Overview in Canada
The wealth management industry in Canada has seen significant growth in recent years, driven by an increase in the number of high-net-worth individuals and family offices requiring perso
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Disclosed details
Transaction Size: $625M