Business
Parvis Announces First Strategic Acquisition with Planned Purchase of Richmond Global Wealth
Transaction adds full-service wealth, tax, investment advisory capabilities to Parvis ecosystemVancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company"), a technology-enabled platform for private real estate and alternative investments, today announced that it has entered into a definitive agreement (the "Agreement") to acquire all outstanding shares of Richmond Global Wealth Inc. ("RGW"), a full-service wealth, tax,...
About this update from Parvis Invest Inc
[{"type":"text","content":"Transaction adds full-service wealth, tax, investment advisory capabilities to Parvis ecosystem","length":95,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 19, 2026) - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company"), a technology-enabled platform for private real estate and alternative investments, today announced that it has entered into a definitive agreement (the "Agreement") to acquire all outstanding shares of Richmond Global Wealth Inc. ("RGW"), a full-service wealth, tax, investment, and insurance advisory firm under the Bluestar Equity umbrella.","length":511,"tagName":"p"},{"type":"text","content":"This marks Parvis' first strategic acquisition and represents a key step in the Company's plan to build a modern, integrated investment platform for Canadian investors.","length":176,"tagName":"p"},{"type":"text","content":"Under the terms of the Agreement, the acquisition is structured as an all-share transaction valued at approximately $800,000. The shareholders of RGW will receive common shares of Parvis at a deemed price of $0.50 per share. The transaction has been unanimously approved by the boards of directors of both Parvis and RGW.","length":321,"tagName":"p"},{"type":"text","content":"RGW provides full-service financial advisory capabilities, including planning, tax optimization, insurance solutions, and long-term portfolio strategy. Integrating these services into the Parvis ecosystem expands the support and guidance available to investors alongside curated private market opportunities.","length":308,"tagName":"p"},{"type":"text","content":""This acquisition deepens our commitment to giving investors clarity, choice, and confidence," said David Michaud, Founder and Chief Executive Officer of Parvis. "The addition of RGW's registered advisory platform allows us to offer a much wider range of investment options to our clients. Investors can now access both traditional investments, such as stocks and bonds, and private market opportunities in one connected system. This creates a smoother experience and helps deliver stronger results by combining planning, advice, and support across both areas. Whether an investor is just beginning or already m...