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Canada Life and IGM Financial close Investment Planning Counsel acquisition
Canada Life and IGM Financial close Investment Planning Counsel acquisition Canada News...
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[{"type":"text","content":"\n \n \n \n Canada Life and IGM Financial close Investment Planning Counsel acquisition\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n WINNIPEG, MB\n \n \n ,\n \n \n Nov. 30, 2023\n \n \n /CNW/ - The Canada Life Assurance Company (Canada Life) and IGM Financial Inc. (IGM) (TSX: IGM) today jointly announced that they have closed the previously announced sale of Investment Planning Counsel Inc. (IPC), a leading independent wealth management firm, from IGM to Canada Life for approximately\n \n CAD$575 million\n \n .\n \n \n \"We are building on our strong Canadian franchise to become a leading destination for entrepreneurial advisors and their clients. The addition of both Investment Planning Counsel and Value Partners makes our combined organizations among the preeminent wealth providers in\n \n Canada\n \n ,\" said Jeff Macoun, President and Chief Operating Officer, Canada Life,\n \n Canada\n \n . \"Our belief in the value of advice is deep, and with IPC's strong advisor relationships, we're able to expand access to the trusted advice Canada Life has long been known for.\"\n \n \n IPC is a leading wealth dealer and investment company operating in both mutual fund dealer and securities dealer platforms with 650 advisors. With both the IPC and Value Partners Investments now closed, Canada Life has over 16,000 advisor relationships and more than\n \n $97 billion\n \n \n 1\n \n in Canadian independent wealth management assets under administration.\n \n \n \"Canada Life will be a strong owner of IPC. I'd like to thank IPC CEO Blaine\n \n Shewchuk\n \n , Executive Chair\n \n Chris Reynolds\n \n and the entire team for the contribution...