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FundEX Investments Inc. merged its mutual fund dealer operations with sister company Investia Financial Services Inc. on July 1.

As a result of the merger, FundEX and Investia have become one entity under the Investia banner, which is part of iA Financial Group.

The merger has made Investia the “the largest independent mutual fund dealer in Canada,” according to a notice on the FundEX website.

“The amalgamation of FundEX and Investia reflects our ongoing commitment to optimizing the efficiency of our operations and ensuring a superior client experience,” the notice said.

In an April interview with Investment Executive, Louis DeConinck, president of Investia, said the merger would result in a dealer with $55 billion in assets under management.