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Blaine Shewchuk will soon step into the roles of president and CEO of Investment Planning Counsel (IPC), said the wealth manager’s parent company, IGM Financial Inc., on Thursday.

Shewchuk succeeds Chris Reynolds, a co-founder of IPC, who will move into the newly created position of executive chair.

As president and CEO, Shewchuk will work closely with Reynolds on IPC’s strategic development and execution. Shewchuk will report to Reynolds and James O’Sullivan, president of IGM.

Shewchuk is currently IGM’s chief strategy and corporate development officer, and has been involved in managing a number of IGM’s investments including Personal Capital, Wealthsimple and Koho.

“Blaine’s extensive and proven experience in strategy development, building teams and planning make him a great fit for his new role at IPC,” said O’Sullivan in a release.

As executive chair, Reynolds will focus on advisor retention and growth, corporate strategy development and identifying new business development opportunities. Reynolds will also report to O’Sullivan.

“Under Chris’ leadership, IPC has grown into one of Canada’s premier independent wealth managers,” said O’Sullivan. “His focus on attracting and retaining top talent, always putting the client first and integrating new technologies into the advisory experience have positioned the firm well for ongoing growth.”

Reynolds and Shewchuk will step into their respective roles on July 1.