Toronto-based Macquarie Private Wealth has agreed to purchase software from PriceMetrix to support its Canadian practice management efforts, PriceMetrix said Tuesday.

Terms of the deal were not disclosed.

“The ValueOne Program is a strategic investment that demonstrates our commitment to providing substantial resources to advisors to help them build their business,” says Bruce Kagan, CEO, Macquarie Private Wealth Inc.

In January 2010, Macquarie Group acquired Blackmont Capital to create Macquarie Private Wealth.

Macquarie Private Wealth is part of the Macquarie Banking and Financial Services Group, the primary relationship manager for Macquarie’s retail client base, which provides services to more than 850,000 clients and has over $108 billion of clients’ assets under advice, administration or management.

PriceMetrix says its ValueOne Program delivers systematic and scalable practice management tools and services that enable over 10,000 investment advisors in North America to achieve measurable performance improvements.

The program delivers enhanced business intelligence regarding investment advisor activity, detailed book metrics, relative performance, and enterprise-wide benchmarking against competitive practices that empower retail wealth management firms to improve investment advisor practice management strategies, coaching and ultimate productivity.

Founded in 2000, PriceMetrix has its principal place of business in Toronto, Ontario, and services a range of clients within Canada and the United States.

IE