S&V Planning Corporation, a Victoria, B.C.-based MGA, has joined forces with Financial Horizons Inc.
The transaction involved the purchase of 100% of the shares of S&V Planning Corporation by Financial Horizons Inc. in exchange for cash and shares in Financial Horizons Group Inc. The transaction closed on October 31, 2014.
Financial Horizons Group operates nationally with four regions: Ontario; Atlantic Canada; Quebec; and western Canada.
The management team, office and staff of S&V Planning Corporation will remain essentially unchanged, says a media release.
“We are very excited about the addition of S&V,” says Paul Isaacson, president of Financial Horizons in Western Canada. “We now have a significant footprint in B.C. with the intellectual capital and infrastructure to support the advisors in their business.”
Dennis Smith, president of S&V Planning, adds, “In addition to the benefit of Financial Horizons’ size and strength, they have the same corporate culture as S&V when it comes to service and integrity for both our advisors and for our staff.”