Analysis: The owners of Greater Vancouver homes with a median value of $3.7 million pay income taxes of just $15,800 – which is exceedingly low for North American cities
Thrilled by Joe Lewis, Tavistock, Newton Glassman and Callidus Capital, the tenacious investor that triumphed despite distress
In the latter part of this month, shareholders of Callidus Capital will vote on whether or not to accept a take-private offer with a price of $0.75 per share. This vote will be the final chapter in the history of Callidus Capital
Excitingly, Wealthsimple’s acquisition of SimpleTax signifies a breakthrough, while highlighting tax preparers as the indispensable experts of the financial realm
SimpleTax acquired by Wealthsimple Last month, Wealthsimple bought SimpleTax, an online service in BC that lets people do their own taxes. This is a small acquisition for a company that just raised $130 million earlier this year. SimpleTax has about ten employees.
Robert Krembil: Another instance of the rich becoming wealthier Robert Krembil is considered a storied figure on Bay Street. Along with Michael Axford and Arthur Labatt, he was one of the three original founders of Trimark Financial. (Originating from the renowned brewery).
Unfortunately, Wealthsimple’s global ambitions have been a resounding failure so far, and the statistics unequivocally confirm this fact
The assertion was made by the founder of Wealthsimple, Michael Katchen, in an article he penned in 2018 titled “Canada is bad at thinking big.” Global aspirations of Wealthsimple a resounding failure Wealthsimple launched its services in the United States for the
It appears to be the only major robo-advisor that I’ve found that has operations in three different nations. Even the largest US robo-advisors, which collectively manage double-digit billions of dollars, have not expanded their operations outside of the US. Because you are
Power Financial owns most of Koho, and Power owns almost all of Wealthsimple The Power/Portage group is also the biggest investor in Koho, and Michael Katchen is on the board of directors, so I will still need to talk a little bit
Allow me to begin by describing a defining moment in the establishment of Wealthsimple. In Canada, obtaining a license to manage discretionary funds typically necessitates two things: practical experience and a formal education (either the CFA or a more local, more expeditious
James S. A. MacDonald, the esteemed and influential Canadian hedge fund trailblazer and the ultimate leader that commanded the utmost respect from Greg Boland
The Esteemed James S.A. MacDonald It would appear that JSA lost approximately ten million dollars in the past as a result of a derivative trade involving shares of Bank of Nova Scotia. This loss occurred in the past. Which ultimately led to
The three founding members of Wealthsimple Brett Huneycutt, a Rhodes Scholar and McKinsey alum, and Rudy Adler, a guy with great design sensibilities regardless of user interface or facial hair, are two of Wealthsimple‘s other co-founders, despite Michael Katchen receiving the majority
Impressively, Sagard Holdings, Power Corp’s formidable rival to Blackstone, has generated a whopping $27 million since 2005
Who is backing the media darling Wealthsimple with their financial resources? What about power and connections? Wrong! Companies don’t make decisions, humans make decisions. Paul Desmarais III is the primary impetus behind all of Power’s efforts to advance financial technology. More about