Who bought out Laurentian Bank?

iA Financial Group Expands Wealth Management Footprint with Acquisition of Laurentian Bank Securities’ Retail Brokerage

The Canadian financial landscape is evolving, and iA Financial Group is solidifying its presence as a key player. In a strategic move designed to bolster its wealth management capabilities, iA Financial Group, through its subsidiary iA Private Wealth, has successfully acquired the retail investment brokerage division of Laurentian Bank Securities. This acquisition marks a significant expansion for iA Private Wealth, further cementing its position within the competitive Canadian investment sector.

While Laurentian Bank Securities continues to serve its institutional clients, this deal effectively transfers the management of Laurentian Bank’s retail investment brokerage assets to iA Private Wealth. This means former clients of Laurentian Bank’s retail brokerage now have access to the expanded resources, platform, and expertise of iA Private Wealth.

The integration of these assets is expected to be seamless for clients, with iA Private Wealth committed to providing a continuation of high-quality service and investment advice. This acquisition not only broadens iA Private Wealth’s client base but also provides access to a wider pool of experienced investment advisors and support staff.

This strategic move underscores iA Financial Group’s commitment to growth in the wealth management space. By absorbing Laurentian Bank Securities’ retail investment brokerage division, iA Private Wealth is positioned to offer an even more comprehensive suite of services to a larger clientele, furthering its growth and solidifying its standing as a leading wealth management provider in Canada. The acquisition reflects a dynamic industry, where strategic consolidation and expansion are key to remaining competitive and meeting the evolving needs of Canadian investors.