Professional Investment Holdings (Canada) Inc. has acquired Generation Financial Corp. (GFC), one of Western Canada’s largest and privately owned mutual fund dealers with close to 900 million in assets under administration. GFC has 105 experienced financial advisors servicing some 16,000 clients.

Professional Investment Holdings (Canada) is a subsidiary of Professional Investment Services, the largest financial planning company in Australia.

As part of the acquisition, Professional Investment Holdings plans to invest in both staffing and technology.

“We’re pleased to announce that Professional Investment Holdings has chosen Univeris as their wealth management platform which includes our practice management front-end for their advisors,” said Carmine Tullio, president and CEO of Univeris. “Their strong commitment to having the best technology for their advisor team makes Professional Investment Holdings an ideal fit for Univeris.”

The Professional Investment Holdings advisors join over 15,000 financial advisors already using the Univeris wealth management platform with its practice management front-end providing online, real-time and ‘24/7’ access to full client and investment information.

Professional Investment Services has a unique business model and commitment to advisors coupled with strong relationships with centers of influence. “Providing our advisors with the best possible technology is critical to our growth and success in Canada,” said Ken Rousselle president and CEO of Professional Investment Holdings (Canada). “We know that with their experience and the way they partner with their clients to enable best practices, Univeris will help us grow our business.”

Professional Investment Holdings (Canada) Inc will be launching on the Univeris wealth platform in early December 2006.