Vancouver-based Wolverton Securities Ltd. has acquired the client accounts and investment advisors of Standard Securities Capital Corp., the firm said Monday.

Terms of the deal were not announced.

The employees and investment advisors of Standard Securities will also be joining Wolverton, adding over 20 new professionals to the firm’s offices in Calgary and Toronto.

Wolverton now has over 100 investment advisors in Vancouver, Calgary, Toronto, Salt Spring Island, Red Deer, Fort Saskatchewan, Sooke, Halifax, and Kelowna.

“This transaction reinforces our steadfast commitment to our strategic growth and continued success this organization has enjoyed since 1910.” said Brent Wolverton, president and CEO, in a release. “Combined with our existing retail, wealth management, and capital markets group, this transaction has made a significant contribution to our national expansion goals.”

“We have looked at numerous opportunities to gain national presence and to access the required infrastructure to support our continued growth. Wolverton was the ideal choice,” said Mark Marcello, president and Robert Shewchuk, chairman of Standard Securities.

IE