Martin Barraud
- Wealth administration options agency iA Monetary (TSX:IAG:CA) on Thursday mentioned it signed a deal, through its unit iA Non-public Wealth, to amass belongings of the retail full–service funding dealer division of Laurentian Financial institution Securities (LB:CA).
- Below the phrases, about 16,000 consumer accounts can be transferred to iA Monetary’s unit upon completion of the transaction, and a few 30 advisors are invited to hitch iA Non-public Wealth.
- The acquisition, the quantity of which isn’t disclosed, would have solely a marginal impression on iA Monetary Group’s solvency ratio, the corporate added.
- LBS’ retail full-service dealer division represents over $2 billion in belongings underneath administration.
- The time limit of the transaction is anticipated to be this summer season.
- Supply: Press Launch
