The deal will provide Fiera with the critical mass necessary “to be a competitive force” in the HNW market
The companies believe the deal will result in a company that offers a more effective and viable platform for enhancing shareholder value
All employees of online lender Thinking Capital will remain with the firm following completion of the transaction
The assets of Hong Kong-based Clearwater Capital Partners will be added to Fiera’ private alternative investments division
Acquisition helps Scotiabank expand in the institutional space
The acquisition of two sizable MGAs adds 3,000 independent life insurance advisors to IA’s distribution network
U.S. tax reform, uncertainty over NAFTA, and tech-driven disruption will impact Canadian M&A activity this year
The specialty finance firm will become part of CIBC Innovation Banking
The acquisition strengthens Canada Life’s presence in the U.K. retirement income market
The asset management firm paid $32 million in cash and shares to close the transaction