Like ShareOwner

announced 12/2/2015 via BNC Analysis

Wealthsimple, will acquire ShareOwner

See 60 Comparable Transactions
synopsis: Wealthsimple Financial Inc., Canada's leading online investing service, announced it has acquired Canadian ShareOwner Investments Inc., the country's first automated investment manager.
buyer: Wealthsimple
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. "
 target: ShareOwner
ShareOwner (Canadian ShareOwner Investments) has been providing independent investment education and low-cost investing services to retail investors since 1987.
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closed 12/15/2021 via BNC Analysis

Robinhood, acquired Cove Markets

See 66 Comparable Transactions
synopsis: No-fee trading app Robinhood has acquired Cove Markets to help ensure quality trade executions for its users. Cove Markets Inc. is a cross-exchange trading platform that makes it easier for people to manage their crypto accounts.
buyer: Robinhood (HOOD:$1,769.97)
Robinhood is democratizing finance for all. With customers at the heart of its decisions, Robinhood is lowering barriers, removing fees, and providing greater access to financial information. Their smartphone app allows individual investors to buy and sell stocks for free. "
 target: Cove Markets
Cove Markets Inc. is a cross-exchange trading platform that makes it easier for people to manage their crypto accounts. They offer advanced tools, trading algorithms, live and historical data, analytics, charts, web widgets, and more.
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closed 4/21/2020 via BNC Analysis

SoFi, acquired 8 Securities Limited

See 60 Comparable Transactions
synopsis: Consumer financial services platform SoFi has acquired 8 Securities, a Hong Kong-based investing app. Targeted to personal investors, 8 Securities will rebrand to SoFi Hong Kong and will begin launching services in other markets in addition to Hong Kong. 8 Securities was the first mobile-only investment service and robo-advisor to launch in Asia.
buyer: SoFi (SOFI:$867.87)
SoFi is a values-driven company on a mission to help members get their money right. They create modern financial products and services that help people borrow, save, spend, invest, and protect their money better, so that they can achieve financial independence and realize their ambitions. "
 target: 8 Securities Limited
Hong Kong-based 8 Securities is a cloud-based brokerage platform that provides simple, transparent, and affordable mobile investing solutions. The company allows users to trade over 15,000 US and Hong Kong stocks and exchange traded funds as much as they like free of commission.
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closed 5/13/2020 via BNC Analysis

TradeFloor Pty Ltd, acquired OpenMarkets

See 58 Comparable Transactions
synopsis: Software developer TradeFloor has acquired a controlling stake in OpenMarkets, a digital trading platform that provides retail investors, traders, advisers, robo-advisers, brokers and financial intermediaries with a suite of innovative brokerage services for trading on the Australian securities markets.
buyer: TradeFloor Pty Ltd
TradeFloor is a must-have application for anyone who trades (or is thinking about trading) Exchange-Traded Options in Australia. They are striving to make options accessible to everyone, regardless of trading knowledge, and provide valuable insights into the risk and reward of trading strategies. "
 target: OpenMarkets
OpenMarkets is a digital trading platform that provides retail investors, traders, advisers, robo-advisers, brokers and financial intermediaries with a suite of innovative brokerage services for trading on the Australian securities markets.
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closed 5/8/2020 via BusinessWire

The Charles Schwab Corporation, acquired Motif Investing, Inc.

See 58 Comparable Transactions
synopsis: The Charles Schwab Corporation announced that it has completed the acquisition of the technology and intellectual property of Motif, a next-generation online broker offering thematic investing to individual and institutional investors.
buyer: The Charles Schwab Corporation (SCHW:$10,132.00)
The Charles Schwab Corporation is a leading provider of financial services. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. "
 target: Motif Investing, Inc.
Motif is a next-generation online broker offering thematic investing to individual and institutional investors. They are a fintech pioneer that has combined breakthrough technology and data science to deliver customized thematic portfolios to investors.
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announced 12/18/2019 via BNC Analysis

Flatex, will acquire DEGIRO B.V.

See 58 Comparable Transactions
synopsis: flatex Bank AG, a leading online brokerage business in Europe, will acquire DEGIRO BV, one of the fastest growing online brokers in Europe. DEGIRO provides affordable, custom-made financial services for investors worldwide. Their intuitive platform accommodates all styles of investing, and offers a large number of financial instruments and markets.
buyer: Flatex (DB:FLA:$132.15)
Flatex is a leading online brokerage business in Europe. Flatex provides an affordable and mobile online broker-platform with expert service and advice. Flatex offers trading in all common securities such as shares, funds and ETFs in exchange and over-the-counter trading. "
 target: DEGIRO B.V.
DEGIRO is one of the fastest growing online brokers in Europe. DEGIRO provides affordable, custom-made financial services for investors worldwide. Their intuitive platform accommodates all styles of investing, and offers a large number of financial instruments and markets.
price ($mm)
$279
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closed 2/20/2019 via BNC Analysis

Lynx Vermogensbeheer BV, acquired TradersOnly BV

See 58 Comparable Transactions
synopsis: LYNX, a Dutch specialist in online investing, has acquired TradersOnly, the number 1 online broker for active investors in the Netherlands. TradersOnly's advanced trading platform provides investors with real-time prices and relevant information. TradeOnly allows users to easily trade shares in 19 different countries and 63 different exchanges.
buyer: Lynx Vermogensbeheer BV
LYNX is a Dutch specialist in online investing. LYNX provides investors with access to more than 100 exchanges in 20 countries through its user-friendly trading platform. The company was founded in 2006 and has been active on the Dutch market since 2007. "
 target: TradersOnly BV
TradersOnly is the number 1 online broker for active investors in the Netherlands. TradersOnly's advanced trading platform provides investors with real-time prices and relevant information. TradeOnly allows users to easily trade shares in 19 different countries and 63 different exchanges.
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closed 10/11/2018 via BNC Analysis

MobiKwik, acquired Clearfunds

See 53 Comparable Transactions
synopsis: MobiKwik, India's largest independent mobile payments network, has acquired Clearfunds, an online investment advisor that allows users to buy direct mutual funds from any Mutual Fund Company in India. Clearfunds' robo-advisory platform provides financial planning and investment recommendations via web and mobile to India’s mass affluent.
buyer: MobiKwik
MobiKwik is India's largest independent mobile payments network connecting 107 million users with more than 3 million direct merchants. MobiKwik allows users to load money into a digital wallet and make secure 1-tap payments for online or offline purchases. "
 target: Clearfunds
Clearfunds is an online investment advisor that allows users to buy direct mutual funds from any Mutual Fund Company in India. Their robo-advisory platform provides financial planning and investment recommendations via web and mobile to India’s mass affluent.
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closed 9/12/2018 via BNC Analysis

Niyogin Fintech Ltd., acquired Moneyfront

See 57 Comparable Transactions
synopsis: Niyogin, a non-banking finance company in India, has acquired a 50.1% stake in Moneyfront, an online robo-advisory and investment platform in India. Moneyfront helps its users invest in mutual funds and other fixed-income instruments. Users can manage their investments through a customizable portfolio management system and earn superior returns.
buyer: Niyogin Fintech Ltd. (BSE:538772:$2.40)
Founded in 1988, Niyogin is a non-banking finance company in India. The company helps small businesses with their financial needs, whether it is collateral free access to credit for working capital, financing small projects, expanding businesses or purchasing inventory. "
 target: Moneyfront
Moneyfront is an online robo-advisory and investment platform in India. Moneyfront helps its users invest in mutual funds and other fixed-income instruments. Users can manage their investments through a completely customizable portfolio management system and earn superior returns.
price ($mm)
$1.67*
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closed 3/28/2018 via Company Press Release

Mohamed Radwan & Omar Radwan, acquired Arab Finance Brokerage Company

See 120 Comparable Transactions
synopsis: Arab Finance Brokerage Co. announced a group of investors finalized the acquisition of 100% of Arab Finance. Among the new shareholders, were market experts Mohamed Radwan, Ex-Board member In Pharos Securities and Omar Radwan. Arab Finance is one of the most prestigious and well-known news websites in the financial sector.
buyer: Mohamed Radwan & Omar Radwan
Mohamed Radwan is the Ex-Board member In Pharos Securities and Omar Radwan is the former Head of Asset Management in HC Securities & Investment. "
 target: Arab Finance Brokerage Company
Arab Finance is one of the most prestigious and well-known news websites in the financial sector. Arab Finance has one of the oldest news portal covering the Egyptian EGX and macroeconomic news. In addition, Arab Finance also provides its services as a brokerage house specialized in online trading.
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closed 6/1/2016 via PR Newswire

Ally, acquired TradeKing

See 58 Comparable Transactions
synopsis: Ally Financial Inc., one of the world's largest automotive financial services companies, announced that it has acquired TradeKing Group, Inc., a digital wealth management company. TradeKing Group, Inc. provides online brokerage services for independent self-directed investors in the United States.
buyer: Ally (ALLY:$6,378.00)
Ally Financial Inc. is one of the world's largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world. "
 target: TradeKing
TradeKing Group, Inc. provides online brokerage services for independent self-directed investors in the United States. It offers online trading services in the areas of options, stocks, exchange traded funds, mutual funds, fixed incomes, and foreign exchange funds.
price ($mm)
$275
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closed 11/18/2015 via BusinessWire

TradeKing, acquired MB Trading Holdings, LLC

See 58 Comparable Transactions
synopsis: TradeKing Group, Inc., an innovator in online brokerage, today announced that its acquisition of MB Trading has officially closed. With the addition of MB Trading’s renowned trading platform, TradeKing now offers a powerful, active trading experience for the most seasoned traders.
buyer: TradeKing
TradeKing Group, Inc. provides online brokerage services for independent self-directed investors in the United States. It offers online trading services in the areas of options, stocks, exchange traded funds, mutual funds, fixed incomes, and foreign exchange funds. "
 target: MB Trading Holdings, LLC
MB Trading is a direct access brokerage firm that develops and markets direct access trading technology to online investors, institutions, and qualified destinations. Using a proprietary order routing system, the company allows investors to trade directly to the NASDAQ, NYSE and AMEX markets.
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closed 1/10/2008 via Burlington Free Press

Banks.com, Inc., acquired OnLine Investments, Inc.

See 58 Comparable Transactions
synopsis: Banks.com, Inc. a leading financial services focused web property, announced the acquisition of certain assets of Online Investments, Inc., including MyStockFund.com, MyStockFundKids.com and an online broker/dealer with a wide array of products, tools, and services.
buyer: Banks.com, Inc. (BNX:$0.00)
Banks.com is a leading Financial Services portal containing a unique breadth and depth of products and services. Our mission is to bring our users and subscribers the most relevant financial information on the web. "
 target: OnLine Investments, Inc.
MyStockFund Securities, Inc., member FINRA/SIPC, is the broker-dealer offering the unique securities trading platform. OnLine Investments, Inc. the parent of MyStockFund Securities, Inc. has developed the technology to enable convenient and cost-effective Internet-based investment.
price ($mm)
$1.10
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announced 11/25/2019 via BNC Analysis

The Charles Schwab Corporation, will acquire TD Ameritrade Holding Corporation

See 55 Comparable Transactions
synopsis: Charles Schwab is to buy discount brokerage rival TD Ameritrade in an all-stock deal valued at $26 billion. TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed income investments.
buyer: The Charles Schwab Corporation (SCHW:$10,132.00)
The Charles Schwab Corporation is a leading provider of financial services. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. "
 target: TD Ameritrade Holding Corporation (AMTD:$3,605.00)
TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed income investments.
price ($mm)
$26,000
rev ($mm)
$5,872
EBITDA ($mm)
EV / rev
4.4x
EV / EBITDA
announced 12/19/2018 via Reuters

Saxo Bank, will acquire BinckBank

See 55 Comparable Transactions
synopsis: Saxo Bank, a fintech specialist, is to acquire Dutch online bank BinckBank. BinckBank operates as an online bank for investors and savers by offering online financial services provided by its central European IT platform.
buyer: Saxo Bank
The Saxo Group is a fintech specialist, and they provide multi-asset market access and Banking as a Service to clients in 180 countries via cutting-edge technology. They are based in Copenhagen. "
 target: BinckBank (:$186.53)
BinckBank is the largest independent Dutch online bank for investors. BinckBank operates as an online bank for investors and savers by offering online financial services provided by its central European IT platform.
price ($mm)
$482
rev ($mm)
$187
EBITDA ($mm)
EV / rev
2.6x
EV / EBITDA
closed 9/2/2014 via PR Newswire

tradeMONSTER merged with Options House,

See 55 Comparable Transactions
synopsis: OptionsHouse LLC, L.P. and tradeMONSTER Group, Inc., two innovative, Chicago-based leaders in the online brokerage sector, announced the completion of the previously announced transactions to combine the two companies, creating a market leading brokerage for active traders and investors, pending final regulatory approval.
buyer parent: PEAK6 Investments LP
buyer: Options House
At OptionsHouse, their mission is to provide savvy investors in options and stock the power and functionality of traditional software-based trading tools with the portability of an online trading platform through the extensive use of leading edge web technologies. "
 target: tradeMONSTER
tradeMONSTER™ is an innovative online brokerage that helps self−directed investors manage their money with the skill and confidence of professionals.
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closed 10/1/2007 via

Scotiabank, acquired TradeFreedom

See 55 Comparable Transactions
synopsis: Scotiabank signed a definitive agreement to acquire TradeFreedom Securities Inc., a privately owned and dynamic Canadian online brokerage boutique. The transaction complements product offerings currently available through the Bank's direct investment arm, ScotiaMcLeod Direct Investing.
buyer: Scotiabank (BNS:$14,975.30)
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 58,000 employees, Scotiabank Group and its affiliates serve approximately 12 million customers in some 50 countries around the world. "
 target: TradeFreedom
TradeFreedom Securities Inc. is Canada's premier online broker for active traders and investors. Since 1999, we have been providing sophisticated online brokerage services, including instant direct access to equities, options, futures, and forex, through better technology at a better price.
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announced 5/15/2020 via BNC Analysis

Goldman Sachs & Co., will acquire Folio Financial, Inc.

See 38 Comparable Transactions
synopsis: Goldman Sachs, a leading global investment banking, securities and investment management firm, has agreed to purchase Folio Financial, a unique brokerage, custodian, and financial technology company—all in one—delivering advanced financial technology to investors and those who serve them since 2000.
buyer: Goldman Sachs & Co. (GS:$58,982.00)
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments & high-net-worth individuals. "
 target: Folio Financial, Inc.
Folio are a unique brokerage, custodian, and financial technology company—all in one—delivering advanced financial technology to investors and those who serve them since 2000.
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announced 7/3/2019 via GlobeNewswire

Tiger Brokers, will acquire Marsco Investment Corporation

See 54 Comparable Transactions
synopsis: Tiger Brokers, a leading online brokerage firm focused on global Chinese investors, will acquire Marsco Investment Corporation, an online brokerage service platform in the US. Marsco focuses on empowering self-directed investors with the necessary tools to manage their portfolios.
buyer: Tiger Brokers
Tiger Brokers is a leading online brokerage firm focused on global Chinese investors. Tiger Brokers provides an online and mobile trading platform that enables investors to trade in equities and other financial instruments on multiple exchanges around the world. "
 target: Marsco Investment Corporation
Marsco is an online brokerage service platform in the US. Marsco focuses on empowering self-directed investors with the necessary tools to manage their portfolios. Marsco is designed for self-directed investors who want the flexibility to trade and invest in a wide variety of securities.
price ($mm)
$9.40
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announced 8/6/2018 via Company Press Release

AxiCorp, will acquire One Financial Markets

See 54 Comparable Transactions
synopsis: Australian-owned Forex (FX) and Contracts For Difference (CFD) trading provider AxiCorp has announced that it will acquire UK-headquartered One Financial Markets (OFM). OFM is an award-winning global online broker providing trading facilities for retail and institutional investors.
buyer: AxiCorp
AxiCorp is a leading global provider of margin and deliverable Foreign Exchange, Contracts For Difference (CFDs) and Financial Spread betting. Their major brands are AxiTrader, AxiPrime, AxiSelect and AxiForex. They offer fully regulated Retail and Institutional trading. "
 target parent: KBBO Group
target: One Financial Markets
One Financial Markets is a global, award winning, online broker providing 24/5 trading facilities to retail and institutional investors in forex and CFDs on indices, commodities, energies, bonds and futures.
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announced 12/2/2015 via BNC Analysis

Wealthsimple, will acquire ShareOwner

See 60 Comparable Transactions
synopsis: Wealthsimple Financial Inc., Canada's leading online investing service, announced it has acquired Canadian ShareOwner Investments Inc., the country's first automated investment manager.
buyer: Wealthsimple
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. "
 target: ShareOwner
ShareOwner (Canadian ShareOwner Investments) has been providing independent investment education and low-cost investing services to retail investors since 1987.
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closed 1/24/2020 via PE Hub

Purpose Advisor Solutions, acquired Wealthsimple

See 19 Comparable Transactions
synopsis: Purpose Advisor Solutions, a new financial services company focused on creating the tools, services and support to help financial advisors build their own business, has acquired Wealthsimple, an online investment manager that builds a personal, low-cost portfolio for user.
buyer: Purpose Advisor Solutions
Purpose Advisor Solutions is a new financial services company focused on creating the tools, services and support to help financial advisors build their own business. Their team is passionate about helping advisors and is building a new business model to provide what they need to thrive and succeed."
 target: Wealthsimple
Wealthsimple is an online investment manager that builds a personal, low-cost portfolio for user. They are on a mission to bring smarter financial services to everybody, regardless of age or net worth.
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closed 9/25/2019 via PR Newswire

Wealthsimple, acquired SimpleTax Software Inc.

See 14 Comparable Transactions
synopsis: Wealthsimple, Canada's leading online investment service, announced that it has acquired SimpleTax, a Canadian web-based tax preparation service that makes preparing and filing tax returns quick and easy. Together, the companies aim to further their joint mission of making financial tools simple and accessible to everyone.
buyer: Wealthsimple
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. "
 target: SimpleTax Software Inc.
SimpleTax is an award-winning Canadian tax software that makes taxes easy. They believe people deserve better: taxes should be easy and transparent enough to do them alone; the cost to prepare a return should be fair; tax software should be friendly, fast, and fun. That's where SimpleTax comes in.
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announced 12/2/2015 via BNC Analysis

Wealthsimple, will acquire ShareOwner

See 60 Comparable Transactions
synopsis: Wealthsimple Financial Inc., Canada's leading online investing service, announced it has acquired Canadian ShareOwner Investments Inc., the country's first automated investment manager.
buyer: Wealthsimple
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. "
 target: ShareOwner
ShareOwner (Canadian ShareOwner Investments) has been providing independent investment education and low-cost investing services to retail investors since 1987.
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announced 12/2/2015 via BNC Analysis

Wealthsimple, will acquire ShareOwner

See 60 Comparable Transactions
synopsis: Wealthsimple Financial Inc., Canada's leading online investing service, announced it has acquired Canadian ShareOwner Investments Inc., the country's first automated investment manager.
buyer: Wealthsimple
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. "
 target: ShareOwner
ShareOwner (Canadian ShareOwner Investments) has been providing independent investment education and low-cost investing services to retail investors since 1987.
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closed 1/24/2020 via PE Hub

Purpose Advisor Solutions, acquired Wealthsimple

See 19 Comparable Transactions
synopsis: Purpose Advisor Solutions, a new financial services company focused on creating the tools, services and support to help financial advisors build their own business, has acquired Wealthsimple, an online investment manager that builds a personal, low-cost portfolio for user.
buyer: Purpose Advisor Solutions
Purpose Advisor Solutions is a new financial services company focused on creating the tools, services and support to help financial advisors build their own business. Their team is passionate about helping advisors and is building a new business model to provide what they need to thrive and succeed."
 target: Wealthsimple
Wealthsimple is an online investment manager that builds a personal, low-cost portfolio for user. They are on a mission to bring smarter financial services to everybody, regardless of age or net worth.
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closed 7/24/2019 via BNC Analysis

VinaCapital Investment Management, acquired Smartly Pte Ltd

See 19 Comparable Transactions
synopsis: VinaCapital, one of Vietnam’s leading investment management and real estate development firms, has acquired Smartly, a Singapore-based, financial technology company building a new-generation robo-advisor, providing a digital wealth management platform to retail investors.
buyer: VinaCapital Investment Management
Founded in 2003, VinaCapital is one of Vietnam’s leading investment management and real estate development firms, with a diversified portfolio of USD1.8 billion in assets under management. "
 target: Smartly Pte Ltd
Smartly is a Singapore-based, financial technology company building a new-generation robo-advisor, providing a digital wealth management platform to retail investors.
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announced 7/8/2016 via PR Newswire

Legg Mason, Inc., will acquire Financial Guard

See 19 Comparable Transactions
synopsis: Legg Mason, Inc. announced that it has agreed to acquire an 82% majority equity interest in Financial Guard LLC, an online Registered Investment Advisor and innovative technology-enabled wealth management and investment advice platform. The firm will operate as part of Legg Mason's alternative distribution strategies business.
buyer: Legg Mason, Inc. (LM:$2,660.84)
Legg Mason is a global asset management firm that provides active asset management in many major investment centers throughout the world. "
 target: Financial Guard
Financial Guard is a leading online investment advisor providing simple, professional and transparent investment advice through its interactive website. Financial Guard's technology allows investors to create a unique profile and view all of their investments in one place
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announced 1/30/2020 via GlobeNewswire

Guardian Capital Group, will acquire ModernAdvisor

See 57 Comparable Transactions
synopsis: Guardian Capital Group Limited, a Canadian diversified financial services company, will acquire Modern Advisor Canada Inc., a leading Canadian digital advisor platform. ModernAdvisor is a fintech start-up that helps investors to reach their investment goals through transparent, unbiased, and cost-effective investment management services.
buyer: Guardian Capital Group (TSX:GCG.A:$136.06)
Guardian Capital is a Canadian diversified financial services company operating in Asset Management and Financial Advisory. Guardian provides investment management services, financial advisory services, retail distribution of mutual funds, insurance, and general corporate services. "
 target: ModernAdvisor
Vancouver-based ModernAdvisor is a digital investment management company. ModernAdvisor uses technology to help advisors bring Canadians intelligent investing options, allowing them to reach their investment goals through transparent, unbiased, and cost-effective investment management services.
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closed 3/10/2021 via BNC Analysis

Aion Bank, acquired ETFmatic LTD

See 58 Comparable Transactions
synopsis: Aion Bank, a full-service digital bank based in Brussels, has acquired ETFmatic, a London-based robo-advisor and Aion’s partner since last year. The deal has been approved by the UK’s Financial Conduct Authority (FCA). ETFmatic’s proprietary investment platform and management team will be integrated into Aion’s operations.
buyer parent: Warburg Pincus
buyer: Aion Bank
Aion, based in Belgium, is a subscription-only digital bank with a modern human touch, offering a wide range of services to individual and business customers. Seated in Brussels, it operates under a Belgian banking licence and offers customers convenient ways to optimize savings and expenses. "
 target: ETFmatic LTD
ETFmatic, based in the UK, provides their customers with an easy way to manage their investment goals. The Company uses index based investment strategies and Exchange Traded Funds (ETFs) to construct and manage investment portfolios tailored to their customers' personal preferences and situations.
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closed 12/15/2021 via BNC Analysis

Robinhood, acquired Cove Markets

See 66 Comparable Transactions
synopsis: No-fee trading app Robinhood has acquired Cove Markets to help ensure quality trade executions for its users. Cove Markets Inc. is a cross-exchange trading platform that makes it easier for people to manage their crypto accounts.
buyer: Robinhood (HOOD:$1,769.97)
Robinhood is democratizing finance for all. With customers at the heart of its decisions, Robinhood is lowering barriers, removing fees, and providing greater access to financial information. Their smartphone app allows individual investors to buy and sell stocks for free. "
 target: Cove Markets
Cove Markets Inc. is a cross-exchange trading platform that makes it easier for people to manage their crypto accounts. They offer advanced tools, trading algorithms, live and historical data, analytics, charts, web widgets, and more.
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closed 4/21/2020 via BNC Analysis

SoFi, acquired 8 Securities Limited

See 60 Comparable Transactions
synopsis: Consumer financial services platform SoFi has acquired 8 Securities, a Hong Kong-based investing app. Targeted to personal investors, 8 Securities will rebrand to SoFi Hong Kong and will begin launching services in other markets in addition to Hong Kong. 8 Securities was the first mobile-only investment service and robo-advisor to launch in Asia.
buyer: SoFi (SOFI:$867.87)
SoFi is a values-driven company on a mission to help members get their money right. They create modern financial products and services that help people borrow, save, spend, invest, and protect their money better, so that they can achieve financial independence and realize their ambitions. "
 target: 8 Securities Limited
Hong Kong-based 8 Securities is a cloud-based brokerage platform that provides simple, transparent, and affordable mobile investing solutions. The company allows users to trade over 15,000 US and Hong Kong stocks and exchange traded funds as much as they like free of commission.
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announced 8/26/2015 via BusinessWire

BlackRock, Inc., will acquire FutureAdvisor

See 11 Comparable Transactions
synopsis: BlackRock, Inc. has entered into a definitive agreement to acquire FutureAdvisor, a leader in digital wealth management. FutureAdvisor will operate as a business within the firm’s investment and risk management platform. They will provide financial institutions with technology-enabled advice capabilities to improve clients’ investment experience.
buyer: BlackRock, Inc. (BLK:$19,374.00)
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. They help clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®, and more. "
 target: FutureAdvisor
FutureAdvisor is an award-winning investment advisory firm that manages existing IRA, Roth, taxable accounts, and other investment accounts. They automatically monitor, rebalance, and tax-manage clients' current investments, adding low-fee index funds where necessary to bolster portfolios.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/13/2020 via BNC Analysis

TradeFloor Pty Ltd, acquired OpenMarkets

See 58 Comparable Transactions
synopsis: Software developer TradeFloor has acquired a controlling stake in OpenMarkets, a digital trading platform that provides retail investors, traders, advisers, robo-advisers, brokers and financial intermediaries with a suite of innovative brokerage services for trading on the Australian securities markets.
buyer: TradeFloor Pty Ltd
TradeFloor is a must-have application for anyone who trades (or is thinking about trading) Exchange-Traded Options in Australia. They are striving to make options accessible to everyone, regardless of trading knowledge, and provide valuable insights into the risk and reward of trading strategies. "
 target: OpenMarkets
OpenMarkets is a digital trading platform that provides retail investors, traders, advisers, robo-advisers, brokers and financial intermediaries with a suite of innovative brokerage services for trading on the Australian securities markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2020 via BusinessWire

The Charles Schwab Corporation, acquired Motif Investing, Inc.

See 58 Comparable Transactions
synopsis: The Charles Schwab Corporation announced that it has completed the acquisition of the technology and intellectual property of Motif, a next-generation online broker offering thematic investing to individual and institutional investors.
buyer: The Charles Schwab Corporation (SCHW:$10,132.00)
The Charles Schwab Corporation is a leading provider of financial services. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. "
 target: Motif Investing, Inc.
Motif is a next-generation online broker offering thematic investing to individual and institutional investors. They are a fintech pioneer that has combined breakthrough technology and data science to deliver customized thematic portfolios to investors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/18/2019 via BNC Analysis

Flatex, will acquire DEGIRO B.V.

See 58 Comparable Transactions
synopsis: flatex Bank AG, a leading online brokerage business in Europe, will acquire DEGIRO BV, one of the fastest growing online brokers in Europe. DEGIRO provides affordable, custom-made financial services for investors worldwide. Their intuitive platform accommodates all styles of investing, and offers a large number of financial instruments and markets.
buyer: Flatex (DB:FLA:$132.15)
Flatex is a leading online brokerage business in Europe. Flatex provides an affordable and mobile online broker-platform with expert service and advice. Flatex offers trading in all common securities such as shares, funds and ETFs in exchange and over-the-counter trading. "
 target: DEGIRO B.V.
DEGIRO is one of the fastest growing online brokers in Europe. DEGIRO provides affordable, custom-made financial services for investors worldwide. Their intuitive platform accommodates all styles of investing, and offers a large number of financial instruments and markets.
price ($mm)
$279
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/20/2019 via BNC Analysis

Lynx Vermogensbeheer BV, acquired TradersOnly BV

See 58 Comparable Transactions
synopsis: LYNX, a Dutch specialist in online investing, has acquired TradersOnly, the number 1 online broker for active investors in the Netherlands. TradersOnly's advanced trading platform provides investors with real-time prices and relevant information. TradeOnly allows users to easily trade shares in 19 different countries and 63 different exchanges.
buyer: Lynx Vermogensbeheer BV
LYNX is a Dutch specialist in online investing. LYNX provides investors with access to more than 100 exchanges in 20 countries through its user-friendly trading platform. The company was founded in 2006 and has been active on the Dutch market since 2007. "
 target: TradersOnly BV
TradersOnly is the number 1 online broker for active investors in the Netherlands. TradersOnly's advanced trading platform provides investors with real-time prices and relevant information. TradeOnly allows users to easily trade shares in 19 different countries and 63 different exchanges.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/11/2018 via BNC Analysis

MobiKwik, acquired Clearfunds

See 53 Comparable Transactions
synopsis: MobiKwik, India's largest independent mobile payments network, has acquired Clearfunds, an online investment advisor that allows users to buy direct mutual funds from any Mutual Fund Company in India. Clearfunds' robo-advisory platform provides financial planning and investment recommendations via web and mobile to India’s mass affluent.
buyer: MobiKwik
MobiKwik is India's largest independent mobile payments network connecting 107 million users with more than 3 million direct merchants. MobiKwik allows users to load money into a digital wallet and make secure 1-tap payments for online or offline purchases. "
 target: Clearfunds
Clearfunds is an online investment advisor that allows users to buy direct mutual funds from any Mutual Fund Company in India. Their robo-advisory platform provides financial planning and investment recommendations via web and mobile to India’s mass affluent.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/12/2018 via BNC Analysis

Niyogin Fintech Ltd., acquired Moneyfront

See 57 Comparable Transactions
synopsis: Niyogin, a non-banking finance company in India, has acquired a 50.1% stake in Moneyfront, an online robo-advisory and investment platform in India. Moneyfront helps its users invest in mutual funds and other fixed-income instruments. Users can manage their investments through a customizable portfolio management system and earn superior returns.
buyer: Niyogin Fintech Ltd. (BSE:538772:$2.40)
Founded in 1988, Niyogin is a non-banking finance company in India. The company helps small businesses with their financial needs, whether it is collateral free access to credit for working capital, financing small projects, expanding businesses or purchasing inventory. "
 target: Moneyfront
Moneyfront is an online robo-advisory and investment platform in India. Moneyfront helps its users invest in mutual funds and other fixed-income instruments. Users can manage their investments through a completely customizable portfolio management system and earn superior returns.
price ($mm)
$1.67*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/28/2018 via Company Press Release

Mohamed Radwan & Omar Radwan, acquired Arab Finance Brokerage Company

See 120 Comparable Transactions
synopsis: Arab Finance Brokerage Co. announced a group of investors finalized the acquisition of 100% of Arab Finance. Among the new shareholders, were market experts Mohamed Radwan, Ex-Board member In Pharos Securities and Omar Radwan. Arab Finance is one of the most prestigious and well-known news websites in the financial sector.
buyer: Mohamed Radwan & Omar Radwan
Mohamed Radwan is the Ex-Board member In Pharos Securities and Omar Radwan is the former Head of Asset Management in HC Securities & Investment. "
 target: Arab Finance Brokerage Company
Arab Finance is one of the most prestigious and well-known news websites in the financial sector. Arab Finance has one of the oldest news portal covering the Egyptian EGX and macroeconomic news. In addition, Arab Finance also provides its services as a brokerage house specialized in online trading.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/1/2016 via PR Newswire

Ally, acquired TradeKing

See 58 Comparable Transactions
synopsis: Ally Financial Inc., one of the world's largest automotive financial services companies, announced that it has acquired TradeKing Group, Inc., a digital wealth management company. TradeKing Group, Inc. provides online brokerage services for independent self-directed investors in the United States.
buyer: Ally (ALLY:$6,378.00)
Ally Financial Inc. is one of the world's largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world. "
 target: TradeKing
TradeKing Group, Inc. provides online brokerage services for independent self-directed investors in the United States. It offers online trading services in the areas of options, stocks, exchange traded funds, mutual funds, fixed incomes, and foreign exchange funds.
price ($mm)
$275
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/18/2015 via BusinessWire

TradeKing, acquired MB Trading Holdings, LLC

See 58 Comparable Transactions
synopsis: TradeKing Group, Inc., an innovator in online brokerage, today announced that its acquisition of MB Trading has officially closed. With the addition of MB Trading’s renowned trading platform, TradeKing now offers a powerful, active trading experience for the most seasoned traders.
buyer: TradeKing
TradeKing Group, Inc. provides online brokerage services for independent self-directed investors in the United States. It offers online trading services in the areas of options, stocks, exchange traded funds, mutual funds, fixed incomes, and foreign exchange funds. "
 target: MB Trading Holdings, LLC
MB Trading is a direct access brokerage firm that develops and markets direct access trading technology to online investors, institutions, and qualified destinations. Using a proprietary order routing system, the company allows investors to trade directly to the NASDAQ, NYSE and AMEX markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/10/2008 via Burlington Free Press

Banks.com, Inc., acquired OnLine Investments, Inc.

See 58 Comparable Transactions
synopsis: Banks.com, Inc. a leading financial services focused web property, announced the acquisition of certain assets of Online Investments, Inc., including MyStockFund.com, MyStockFundKids.com and an online broker/dealer with a wide array of products, tools, and services.
buyer: Banks.com, Inc. (BNX:$0.00)
Banks.com is a leading Financial Services portal containing a unique breadth and depth of products and services. Our mission is to bring our users and subscribers the most relevant financial information on the web. "
 target: OnLine Investments, Inc.
MyStockFund Securities, Inc., member FINRA/SIPC, is the broker-dealer offering the unique securities trading platform. OnLine Investments, Inc. the parent of MyStockFund Securities, Inc. has developed the technology to enable convenient and cost-effective Internet-based investment.
price ($mm)
$1.10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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ShareOwner

Cove Markets

8 Securities Limited

OpenMarkets

Motif Investing, Inc.

DEGIRO B.V.

TradersOnly BV

Clearfunds

Moneyfront

Arab Finance Brokerage Company

TradeKing

MB Trading Holdings, LLC

OnLine Investments, Inc.

TD Ameritrade Holding Corporation

BinckBank

tradeMONSTER

TradeFreedom

Folio Financial, Inc.

Marsco Investment Corporation

One Financial Markets

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TradersOnly BV

Clearfunds

Moneyfront

Arab Finance Brokerage Company

TradeKing

MB Trading Holdings, LLC

OnLine Investments, Inc.

Geography
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Robinhood is democratizing finance for all. With customers at the heart of its decisions, Robinhood is lowering barriers, removing fees, and providing greater access to financial information. Their smartphone app allows individual investors to buy and sell stocks for free.
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Interactive Brokers Group
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State Street Corporation
State Street Corporation is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading.
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MF Global Holdings Ltd
MF Global Holdings Ltd
MF Global is one of the world’s leading brokers of commodities and listed derivatives. The firm delivers trading and hedging solutions as a broker-dealer across all major markets for futures and options, commodities, fixed income, equities and foreign exchange.
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Otkritie Financial Corporation Ltd.
Otkritie Financial Corporation Ltd.
OTKRITIE Financial Corporation Ltd. is one of Russia’s leading banking groups which offers its clients and partners the full array of investment banking, commercial banking, brokerage and investment management services.
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ABans Enterprises
ABans Enterprises
ABans Enterprises is an Indian company engaged in the business of trading, processing, broking and consulting in all kind of commodities. ABans is in the business of trading in agriculture commodities, precious metals, shares, currencies, and derivatives of all kind in electronic exchanges.
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Ticker: ASX:AMP
 
 
 
 
 
 
 
 
AMP Limited
AMP is the leading independent wealth management company in Australia and New Zealand. AMP has the largest financial advice network in Australia and New Zealand with more than 4,400 aligned and employed financial advisers. They manage more than $215 billion in assets for their customers.
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Flatex
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