TORONTO, May 19 /CNW/ – IPC Financial Network Inc. has entered into an asset purchase agreement with Hasson Twiss Financial Services Inc. Hasson Twiss is a mutual fund dealer and life insurance agency, with eight branch offices and 36 financial planners in Ontario.

The agreement calls for the transfer of the licensed mutual fund salespersons from Hasson Twiss to IPC Investment Corporation, a subsidiary of IPC Financial. The total consideration for the acquisition of Hasson Twiss is $607,000, subject to performance targets.

“We’re delighted by the Hasson Twiss’ decision to join IPC,” says Steve Meehan, CEO. “This addition strengthens IPC’s presence in the Southwestern Ontario market.”
-IE Staff