With the completion of the deal, IA becomes one of the largest non-bank wealth-management firms in Canada with almost $80 billion in AUA
New process will no longer require medical tests for certain applicants and allow advisors to confirm policy approval for almost half of their clients instantly at the point of sale
Bourgon replaces John LeBoutillier, who has served as chairman since 2005 and has been a member of the company’s board for the past 20 years
Sales of individual life insurance policies were considerably higher in Q4 and in 2016, overall, in advance of the new, more restrictive tax rules that kicked in on Jan. 1
HollisWealth’s business model is close to that of IA
HollisWealth will add $34 billion in AUA, 800 licensed advisors and 400,000 active clients to IA’s growing wealth-management operations
The deal, which follows BMO’s sale of its U.S. retirement services business last year, focuses in on a key area of growth for IA
One of the three seg funds, Global Diversified (Forstrong) Fund, lets investors access global growth opportunities through an actively managed portfolio of ETFs
Access Life will provide coverage to clients who prefer not to get medical exams, including those who are in good health
The life insurance agency has 130 reps in the greater Montreal area