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iA Financial Group concludes the sale of iA Investment Counsel
iA Financial Group concludes the sale of iA Investment Counsel Canada NewsWire Q...
About this update from Ia Financial Corporation Inc.
[{"type":"text","content":"\n\n\n\niA Financial Group concludes the sale of iA Investment Counsel\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\nCanada NewsWire\nQUEBEC CITY, June 1, 2020\n\n\n\nQUEBEC CITY, June 1, 2020 /CNW Telbec/ - iA Financial Corporation Inc. (TSX: IAG), the holding company of iA Financial Group, announces that it has concluded the sale of iA Investment Counsel Inc. (\"iAIC\") to CWB Financial Group (\"CWB\"). iAIC is comprised of two well-known Canadian private client firms: T.E. Wealth, founded in 1972, and Leon Frazer & Associates, founded in 1939.\nAnnounced on March 2, 2020, this sale reflects iA Financial Group's decision to focus on serving the wealth management needs of high-net-worth Canadians exclusively through its expanding network of independent, entrepreneur-owned investment advisory practices.\nFollowing the closing of the sale of iA Investment Counsel, iA Financial Group continues to maintain a sound capital position with a pro forma solvency ratio as at March 31, 2020, of 121%, above its target range of 110 to 116%.\nAbout iA Financial Group iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is one of Canada's largest public companies and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares) and IAF (preferred shares).\nAbout CWB Financial Group CWB Financial Group (CWB) is a diversified financial services organization known for a highly proactive client experience serving businesses and individuals across Canada. Headquartered in Edmonton, Alberta, CWB's key business lines include full-service business and personal banking offered through branch locations of Canadian Western Bank and Internet banking services provided by Motive Financial. Highly responsive nationwide specialized financing is delivered under the banners of CWB Optimum Mortgage, CWB Equipment Financing, CWB National Leasing, CWB Maxium Financial and CWB Franchise Finance. Trust services are offered through CWB Trust Services. Comprehe...