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Article content The news this week that Wealthsimple Technologies Inc. was raising $750 million in a funding round that valued the financial upstart at $5 billion up from $1.4 billion in October sent jaws dropping in Canada’s wealth management industry. What made the valuation particularly shocking is that Wealthsimple currently has about $9.7 billion in assets under management, meaning the deal valued the firm at 52 per cent of AUM, an unheard-of figure in an industry that typically sees asset managers sold for two to five per cent of AUM. We apologize, but this video has failed to load. Try refreshing your browser, or

New zealand generalNew zealandBritish columbiaGalit rodan bloombergMike katchenMartin pelletierWealthsimple technologies incPostmedia network incTrivest wealth counsel ltdAltus private counsel incWealthsimple technologiesAmeriprise financialWellington altus private counselPostmedia networkStreet eastபுதியது ஜீலாந்து ஜநரல்