(November 22 – 14:30 ET) – IPC Financial Network Inc. is launching its national GIC Brokerage Service.

IPC says it has signed 17 corporate agency agreements to date with a number of chartered banks, trust companies and credit unions across Canada in an effort to offer a variety of guaranteed investment choices to its clients. Sam Febbraro, director of IPC’s banking services, confirms “IPC is currently reviewing additional agency banking opportunities in the GIC marketplace and plans have been made to further enhance the GIC product line”.

IPC says its strategy includes the creation of a complete suite of financial products specially selected from among Canada’s foremost banks and trust companies to deliver competitive rates, low fees and great service. “The introduction of our GIC Brokerage Service is another step toward building IPC’s agency banking platform that will encompass a full range of financial products and services”, says CEO, Stephen Meehan.

Suite of products and services include co-branded credit cards, deposit accounts, debit cards, bill payment services and various lending products from a number of carefully selected banking partners. However, Meehan says “the GIC Brokerage Service will not support a co-branding strategy, but rather, offer our clients and financial planners the opportunity to shop the market”.
-IE Staff