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HomeWealth ManagementCanada Life completes wealth providing trifecta with Worth Companions acquisition

Canada Life completes wealth providing trifecta with Worth Companions acquisition


“For some advisors, it is going to make sense to transition their complete apply to an IIROC mannequin. For different advisors, engaged on a referral foundation will make sense,” Morin says.  “With the addition of Worth Companions, our advisors will be capable to select the mannequin that higher suits their apply and shoppers’ wants.”

What caught Canada Life’s eye about Worth Companions, Moncrieff says, is its administration workforce, status, and tradition that features a relentless deal with serving to shoppers develop their wealth. After having been in enterprise for practically 20 years, Worth Companions has grown into one among Canada’s fastest-growing non-public funding counselling companies.

“They’ve six funding counsellors that present consumer recommendation via a shared service mannequin with advisors,” Moncrieff says. “It’s via that functionality that they supply the advisors confidence in talking with higher-net-worth shoppers, which we predict we are able to really speed up as a result of we have now tons of of advisors who would profit from an analogous relationship.”

Together with its just lately introduced transfer to snap up IPC, Canada Life’s acquisition of Worth Companions would take its platform to the $89-billion AUM stage throughout greater than 6,000 advisor relationships, making it a high three participant within the house for unbiased advisors. That form of scale, Morin says, is essential in permitting the enduring Canadian agency to offer worth to all of the advisors that work with it.

“Over time, as we proceed to put money into our wealth platform, our investments in expertise will profit advisors from Canada Life, Worth Companions, and IPC,” he says. “We’ll probably see some convergence, however we’re not going to pressure it into a giant short-term transition.”

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