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Financial Horizons will buy Marcolin & Associates.

The two firms have signed a letter of intent.

Read: Financial Horizons acquires Performance Financial

Financial Horizons will purchase Marcolin & Associates in exchange for cash and shares in Financial Horizons Inc. The deal is expected to close this month.

Once completed, Financial Horizons Group will have more than 7,500 advisors, over $5 billion in segregated fund assets, and more than $300 million of life premium in force.

Marcolin’s management team, office and staff won’t change. The firms say it will be business as usual for the advisors and clients.

For now, Marcolin & Associates will keep its name and Jim Marcolin will be involved in the daily operation of the company.

Also read:

UPDATED: More MGA acquisitions to come

Hub scoops up Daystar Financial

Originally published on Advisor.ca

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