IGM Financial Inc. (“IGM”), one of Canada’s leading personal financial services companies and largest managers and distributors of mutual funds and other managed asset products, completed a US$50-million acquisition of preferred stock of Personal Capital Inc. (“Personal Capital”) with an agreement to invest an additional US$25 million in the next year. Personal Capital is a market-leading digital wealth advisor based in the US.
IGM was represented internally by Don MacDonald, Senior Vice President, General Counsel and Chief Compliance Officer, and Rhonda Goldberg, Vice President, IGM Regulatory Affairs. Blake, Cassels & Graydon LLP acted as lead external counsel to IGM with a team consisting of John Tuzyk, Kim Harle, Justin Drake and Zac Resnick (corporate and securities), Mike Sharp (regulatory) and Jeff Trossman (tax). Fried, Frank, Harris, Shriver & Jacobson LLP acted as external counsel to IGM in respect of US law matters with a team consisting of Christopher Ewan and Jessica Forbes (corporate) and Andrew Falevich (tax).
Personal Capital was represented by Montgomery & Hansen, LLP with a team consisting of Daniel Hansen, Cristina Chirica and Gary Hoem (corporate) and Anne Senti-Willis (tax) of Thoits Law.
IGM was represented internally by Don MacDonald, Senior Vice President, General Counsel and Chief Compliance Officer, and Rhonda Goldberg, Vice President, IGM Regulatory Affairs. Blake, Cassels & Graydon LLP acted as lead external counsel to IGM with a team consisting of John Tuzyk, Kim Harle, Justin Drake and Zac Resnick (corporate and securities), Mike Sharp (regulatory) and Jeff Trossman (tax). Fried, Frank, Harris, Shriver & Jacobson LLP acted as external counsel to IGM in respect of US law matters with a team consisting of Christopher Ewan and Jessica Forbes (corporate) and Andrew Falevich (tax).
Personal Capital was represented by Montgomery & Hansen, LLP with a team consisting of Daniel Hansen, Cristina Chirica and Gary Hoem (corporate) and Anne Senti-Willis (tax) of Thoits Law.
