BNY Mellon has completed its acquisition of Toronto-based wealth manager I(3) Advisors. The purchase marks BNY’s entry into the Canadian wealth market. The acquisition is another step in the international expansion of BNY’s wealth management business, the firm said. 

As previously reported by Family Wealth Report Ntazinda, chief executive of I(3) Advisors, will remain in this role and report to BNY Mellon Wealth Management executive vice president Don Heberle. I(3) Advisors has more than C$3.8 billion ($3.6 billion) in assets under advisement.