Steadyhand Acquired by Purpose Unlimited

On June 10, 2025, Steadyhand Investment Management Ltd. and Steadyhand Investment Funds Inc. (collectively, “Steadyhand”) were acquired by Purpose Unlimited Inc. (“Purpose”), resulting in Steadyhand becoming a wholly owned subsidiary of Purpose. Following closing, all investment funds and portfolios previously managed by Steadyhand Investment Management Ltd. are managed by Purpose Investments Inc., Purpose’s wholly owned asset management subsidiary. As a result of the acquisition, Purpose increased its total assets under administration on its platform to over C$30 billion.

Steadyhand is an independent, Vancouver‑based wealth management firm with approximately C$1.3 billion in assets under management, serving Canadian investors, with offices in Vancouver and Toronto.

Purpose, headquartered in Toronto, is a Canadian financial services firm with businesses spanning asset and wealth management and small business financing.

McCarthy Tétrault LLP advised Steadyhand with a team led by Robert O. Hansen and Maureen Gillis that included Sean Sadler, Daanish Pasricha (Regulatory), Dinah Holliday, Declan Sakuls, Erica Barrera (Business), Jeremy Ho, Micky Hoskin (Tax), Vincent Yip (Intellectual Property), Donovan Plomp, (Labour and Employment), Julia Miller (Pensions, Benefits, & Executive Compensation), Thomas Fox (Real Property & Planning), Selina Lee-Andersen (Environmental), Michael Caldecott (Competition/Antitrust & Foreign Investment) and Curtis Chance (Privacy).