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iA Financial Group completes acquisition of assets of Laurentian Bank Securities' retail division
iA Financial Group completes acquisition of assets of Laurentian Bank Securities' retail division...
About this update from Ia Financial Corporation Inc.
[{"type":"text","content":"\n\n\n\n iA Financial Group completes acquisition of assets of Laurentian Bank Securities' retail division\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n QUEBEC CITY\n \n\n ,\n \n\n Aug. 6, 2024\n \n\n /CNW/ - iA Financial Group (TSX: IAG), through its subsidiary iA Private Wealth Inc. (\"iAPW\" or \"iA Private Wealth\"), announced today that it has completed the acquisition of assets of the retail full-service investment broker division of Laurentian Bank Securities Inc. (\"LBS\"), as initially announced on April 4, 2024.\n \n\n The retail full-service broker division of LBS manages more than\n \n $2 billion\n \n in assets under administration. As a result of the transaction, approximately 15,000 client accounts have been transferred, with some 25 advisors joining iAPW's network.\n \n\n \"The closing of this transaction marks another important milestone for iA Private Wealth, fostering the growth of our network as we welcome newly joining advisors and empower them to continue delivering high-quality financial guidance to their clients,\" said\n \n Stephan Bourbonnais\n \n , Executive Vice-President, Wealth Management at iA Financial Group and CEO of iAPW. \"iA Private Wealth is also pleased to welcome the new clients and is dedicated to providing unparalleled support to secure their financial future.\"\n \n\n The acquisition, the value of which remains undisclosed, only has a marginal impact on iA Financial Group's solvency ratio.\n \n\n\n Forward-Looking Statements\n \n\n\n This document may contain statements relating to strategies used by iA Financial Group or statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as \"may\", \"will\", \"could\", \"should\", \"would\", \"suspect\", \"expect\", \"anticipate\", \"intend\", \"plan\", \"believe\", \"estimate\" and \"continue\" (or the negative thereof), as well as words such as \"objective\", \"goal\", \"guidance\", \"outlook\" and \"forecast\", or other similar words or expressions. Such statements constitu...