AEGON Dealer Services Canada Inc., Money Concepts and BMO Bank of Montreal have joined forces to offer a new financing program for independent financial advisors who wish to expand their business by acquiring another planner’s book of business.

To help advisors take advantage of growth opportunities, the three companies have pooled their resources and experience to create a financing program that will simplify the process of purchasing a book of business from another investment advisor.

“During the past few years, the independent financial advisor has seen many industry changes. Increasing fees and infrastructure requirements have driven up the cost of running a planning practice, and many planners are looking for economies of scale to restore profitability to their practice”, said Scott Edgington, vice president and national sales manager for AEGON Dealer Services. He added that the new financing program “is ideal to assist with succession planning.”

AEGON Dealer Services believes that the financing system, combined with a its back office, will make the firm an ideal home for independent financial advisors who are looking to grow their practices.

Independent advisors are invited to obtain details of the program from AEGON Dealer Services Canada Inc.