Vancouver-based Parvis Invest Inc., listed on the TSX Venture Exchange as PVIS, announced Tuesday it entered a binding agreement to purchase all shares of Richmond Global Wealth Inc., a full-service advisory firm.

The all-share transaction values the deal at roughly $800,000. Richmond shareholders will get Parvis common shares priced at $0.50 each. Both companies’ boards approved the agreement unanimously.

Richmond Global Wealth, part of Bluestar Equity, offers planning, tax optimization, insurance and portfolio strategy services. Parvis aims to fold these into its technology platform for private real estate and alternative investments.

“This acquisition deepens our commitment to giving investors clarity, choice, and confidence,” Parvis Founder and CEO David Michaud said in a statement. He added that the move lets clients tap traditional assets like stocks and bonds alongside private markets in one system.

The purchase marks Parvis’s first strategic buyout. Company executives see it as a step toward an integrated platform for Canadian investors. RGW’s setup will bolster support for users in exempt markets and CIRO-regulated channels, according to the announcement.

Investors stand to gain smoother onboarding, steady portfolio monitoring and better planning tools. Parvis, which uses AI and blockchain to simplify investments, operates teams in Vancouver, Toronto, Kelowna and Montreal.

Closing is targeted for Feb. 27. The deal hinges on standard conditions, shareholder votes, regulatory nods and TSX Venture Exchange approval.

Parvis positions itself as a gateway to institutional-grade deals for everyday investors. Its website highlights simplified access to private opportunities. The firm files disclosures on SEDAR+.

Forward-looking details in the release cover integration plans and business goals. Parvis cautioned that results could differ due to market shifts, economic pressures, regulations and sector risks in real estate, investments and tech. No updates are promised unless required by Canadian securities rules.

The TSX Venture Exchange and its regulators take no stance on the release’s accuracy.