M&A Deal Summary

RBC Wealth Management Acquires Abacus Financial Services Group

On November 30, 2005, RBC Wealth Management acquired financial services company Abacus Financial Services Group

Acquisition Highlights
  • This is RBC Wealth Management’s 1st transaction in the Financial Services sector.
  • This is RBC Wealth Management’s 1st transaction in Channel Islands.

M&A Deal Summary
Date 2005-11-30
Target Abacus Financial Services Group
Sector Financial Services
Buyer(s) RBC Wealth Management
Deal Type Add-on Acquisition

Target

Abacus Financial Services Group

St Helier, Channel Islands
Abacus Financial Services Group Ltd. is a financial service company provides wealth management and employee benefit administration services.

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Buyer(S) 1

Buyer

RBC Wealth Management

Minneapolis, Minnesota, United States
Category Company
Sector Financial Services
DESCRIPTION

RBC Wealth Management, Inc. is a provider of wealth management services for the high net worth individuals, and corporate and institutional clients.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Channel Islands) 1 of 1
Year (2005) 1 of 1
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