Canada Life doubles down on impartial wealth push

“We began Worth Companions to enhance the lives of households throughout Canada by partnering with one of the best advisors and investing in one of the best companies,” stated Gregg Filmon, president of Worth Companions. “At this time, our purchasers have $1.45 billion greater than they initially invested.”

At this time’s settlement comes a number of months after Canada Life introduced it could purchase Funding Planning Counsel, a subsidiary of IGM Monetary.

Along with that transaction, the insurer is positioning to create one in all Canada’s largest non-bank wealth suppliers with greater than $89 billion in AUA and over 4,000 advisor relationships in a single platform.

“Worth Companions Funding Counsel Portfolio Administration platform will additional prolong our wealth capabilities and supply advisors with main discretionary asset administration options and companies by means of a devoted crew of personal funding counsellors,” stated Fabrice Morin, EVP of Particular person Wealth and Insurance coverage Options at Canada Life.

“We all know that Canadians who work with an advisor are higher off,” stated Hugh Moncrieff, EVP, Advisory Community and Trade Affairs at Canada Life. “Worth Companions permits us to assist extra advisors with a full spectrum of customized wealth options and capabilities.”