Brokerage firm Rampart Securities Inc. has signed a letter of intent with Desjardins Securities Inc. to sell all client accounts at Ramparts’ Toronto office to Desjardins.

Desjardins will also acquire all of the fixed assets located at the Toronto premises, along with the assignment of the lease.

The transaction is subject to the approval of the Investment Dealers Association, the Ontario Securities Commission and all relevant securities regulatory authorities, and the board of directors of Desjardins. The a binding agreement relating to the should be completed on or about August 29.