Oakville, ON-based HighView Financial is to acquire all outstanding shares in Bull Wealth Management Group from EFG International, the Swiss private banking group. Terms of the deal were not disclosed.

Mark Barnicutt, HighView president, chief executive and co-founder, said the merger will enable HighView to continue growing, both organically and via additional acquisitions of “like-minded” firms in Canada over the coming years.

HighView Financial acts as an outsourced chief investment officer, providing asset management services to clients with over $1 billion in assets.

Upon completion of the transaction - which remains subject to regulatory approval - Jim Bull, founder of Bull Wealth Management, will join HighView’s senior management team and serve as vice chair of its board of directors, according to Gary Brent, HighView chairman and co-founder. Bull will also continue to lead Bull Wealth Management.

Toronto, ON-based Bull Wealth Management Group is owned by EFG International. It provides services to institutional and private clients, as well as financial intermediaries.