Scotiabank Group announced today that it has completed the purchase of Charles Schwab Canada, Co. from The Charles Schwab Corp.

The bank said the purchase Schwab Canada’s discount and full-service brokerage operations is consistent with its wealth management strategy and commitment of building a major brokerage business with a full range of offerings.

The integration of Charles Schwab Canada, Co. into Scotiabank’s Wealth Management Group is subject to ongoing regulatory approval.