(April 25 – 09:30 ET) – Vancouver’s Goepel McDermid Inc. has agreed to buy financial planners Matrix Financial Corp. of Saskatoon. The deal is an agreement in principal that still requires shareholder and regulatory approval. No price was disclosed for the deal.
“Matrix Financial’s staff of experienced financial planners and investment advisors further strengthens our core business, providing quality independent financial advice for clients,” said Ken Shields, chairman and CEO of Goepel in a press release. “Our client service and growth plans involve attracting outstanding professionals with successful track records and experience in financial, investment, business, estate and insurance planning.”
“Goepel McDermid is an employee-owned firm; they share the same traditions of putting the client first and offering independent unbiased advice,” said Fred Smith, senior partner at Matrix Financial. “In joining forces with Goepel McDermid, we will be able to continue meeting the challenges of today’s financial marketplace, and put in place the services and technology our clients will need in the future.”
“Our goal is to provide more Canadians with a quality independent alternative across the full spectrum of their growing wealth management needs. We will continue to seekgrowth opportunities, where they meet those changing client needs, through alliances and partnerships across Canada,” said Shields.
Earlier this year Goepel picked up the brokerage subsidiary of Canadian Western Bank.
-IE Staff