Mutual fund dealer Sterling Mutuals Inc. is expanding with the purchase of Foresters Securities (Canada) Inc.’s book of business, the firm announced today.

“We’re getting advisors from Ontario, Alberta and British Columbia,” says Rocky Ieraci, vice-president of Sterling. “We see the real potential of allowing this trained sales group access to the whole world of Canadian mutual funds.”

Ieraci said Sterling will be transferring about 20 sales people as part of the deal.

Forester Securities Canada is the mutual fund division of Foresters, a fraternal benefit society that is a trademark of the Independent Order of Foresters.

Windsor, Ont.-based Sterling is currently registered to conduct business in Alberta, B.C., Manitoba, Nova Scotia, New Brunswick, Ontario and Saskatchewan. It is a level 4 dealer under the Mutual Fund Dealer Association (MFDA) and a member of the Investment Funds Institute of Canada (IFIC).