News and resources for Canada's top financial advisors
Est. 1998
Industry
The rating agency said it expects industry consolidation to continue
By James Langton |November 22, 2019
2 min read
The details behind the $780-million deal
By Simon Doyle |August 10, 2017
3 min read
Trimont Financial Ltd., a subsidiary of the Wawanesa Mutual Insurance Company, has formally closed its purchase of Western Financial Group and Western Life Assurance from Desjardins Group. The $775-million transaction includes the Western brokerage network, Western Financial Group Insurance Solutions and Western Life Assurance. Western’s brokerage network will continue to operate under the Western name […]
By Staff |July 6, 2017
1 min read
Increase could be a turnaround
By Simon Doyle |June 29, 2017
IA Financial Group grew its assets under administration in 2016, reaching $126.2 billion at the end of the year, up 9% from $115.8 billion at the end of 2015. Reporting its fourth-quarter results for the period ending December 31, 2016, the company said net income for its individual wealth management segment was $120 million for […]
By Staff |February 16, 2017
Canaccord Genuity Group’s Canadian wealth management business grew its assets under administration by 32.5% over the past year, the firm says, reaching $12 billion at the end of 2016 as it registered additional assets from new advisory teams. “Assets in our Canadian wealth management business continued to improve, primarily due to the success of our […]
By Staff |February 10, 2017
IA’s wealth strategy has been to grow through mergers, having made 25 acquisitions in wealth management since 2000.
By Simon Doyle |December 7, 2016
IA Financial Group has reached a deal to purchase HollisWealth from Scotiabank, making it one of the largest non-bank wealth management advisory firms in Canada with $75 billion in AUA. Insurer IA Financial and the Bank of Nova Scotia announced the deal on Monday, merging the fourth-largest independent advisor network in Canada with Industrial Alliance. […]
By Staff |December 5, 2016
The Advisor Group of properties – Advisor’s Edge, Advisor’s Edge Report, Advisor.ca and the Conseiller brands — has been acquired by Transcontinental Media. Transcontinental also owns Investment Executive and Finance et Investissement. When asked why the purchase made sense, Pierre Marcoux, senior vice-president of business and education at TC Media, pointed to the complementary nature […]
By Melissa Shin |December 1, 2016
The teams, together with more planned acquisitions, will help grow assets under administration by about $2.5 billion.
By Staff |November 2, 2016
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