Daily news service
After a stint in Silicon Valley, Michael Katchen sold out of a tech start-up, moved his team to Canada and made a big splash by launching robo-advisor Wealthsimple. Some of the big names involved included Rotman bigwig Roger Martin; Eric Kirzner, godfather of indexing theory in Canada; and respected wealth management entrepreneur Joe Canavan. Less than a year after its launch, the company has already announced an investment from Canadian wealth management behemoth Power Financial Corp. It seems the hyper-speed deal-making velocity of Silicon Valley has arrived in the Canadian wealth management industry.
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