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Fort Capital Partners is pleased to announce that Steadyhand Investment Management Ltd. (“ShIM”) and Steadyhand Investment Funds, Inc. (“SIFI”, and together with ShIM, “Steadyhand”) have been acquired by Purpose Unlimited Inc. (“Purpose”).
Founded in 2006, with approximately $1.3 billion in assets under management, Steadyhand is a trusted investment manager for Canadians. With a focus on outcome-based investing and low-fee mutual funds, Steadyhand strives to deliver personalized advice with a human touch, ensuring a meaningful experience for every client.
The transaction increases Purpose’s total assets to over $30 billion and will combine Steadyhand’s personalized client service with Purpose’s advanced technology platform and investment management capabilities. This will accelerate both companies’ commitment to empowering Canadian investors with the tools and advice they need to succeed.
Fort Capital Partners acted as financial advisor to Steadyhand.