Regulators and shareholders have approved the business agreement between Berkshire group of companies and TWC Group of Companies Inc., effective November 6. The merger brings together over 1,000 independent financial advisors, and the administration of more than $10 billion in assets.

“We are extremely excited about the opportunity that this business agreement affords the independent advisor community,” said Michael Lee-Chin, president of Bershire “The successful integration of Berkshire and TWC will be a milestone within our industry, as we expect the new organization to be the primary choice for the independent advisor who desires to be associated with a firm known for its stability, robust back office, and strong reputation.”

“The speed with which we were able to have this business agreement approved is phenomenal,” added Tim Calibaba, president of TWS. “Teams from both Berkshire and TWC have worked tirelessly to expedite the approval process. We are now looking forward to moving ahead with merging our two firms and creating the best organization for independent Advisors looking to move their book of business.”

The combined advisor force has more than 300 offices in all provinces across Canada. Berkshire says the agreement with TWC particularly reinforces Berkshire’s commitment to Western Canada.

Berkshire group of companies, which include Berkshire Investment Group Inc., Berkshire Securities Inc., and Berkshire Insurance Services Inc., provides a full range of investment and insurance products and services. TWC Group of Companies Inc. offers services through its core businesses TWC Financial Corp., TWC Securities Inc., and TWC Insurance.