Equity Associates Inc., an Ontario based mutual fund dealership has acquired Legacy Associates Inc., Atlantic Canada’s largest independent mutual fund dealership.

“Equity Associates and Legacy Associates have very strong synergies, making advisors from both companies confident partners moving forward. I don’t think you can find two other dealerships in Canada which are as advisor centric,” says Bob Goodish, founder of Equity Associates.

“Both companies were created, owned and built by its advisors, who are completely dedicated to our client’s best interests,” Goodish ads.

The acquisition creates one of the largest independent mutual fund companies in Canada, with over 150 advisors and $1.8 billion under management, serving over 40,000 clients.

“This acquisition allows the advisors of Legacy Associates to surrender nothing in the pursuit of participating in a Mutual Fund Dealership that can bring the best this industry has to offer clients. Equity Associates is a perfect fit for Legacy Associates” .” says George Pattison, one of the Legacy’s founding shareholders.

The acquisition is subject to regulatory approval and is expected to be completed in November.

Headquarter in Markham, Ont., Equity Associates operates in British Columbia, Manitoba, Ontario, Quebec, New Brunswick, Prince Edward Island and Nova Scotia.