iA Financial Group announced that it merged, effective July 1, FundEX Investments Inc. and Investia Financial Services Inc., unifying iA Wealth's MFDA division under the nvestia brand.
iA says this move solidifies its position “as a leading Canadian provider of independent, holistic wealth management solutions.”
Creates efficiencies
"Bringing FundEX and Investia together is the logical next step in the evolution of our MFDA business and advances our strategic objective of being the partner of choice for independent, entrepreneurial–minded advisors," said Sean O'Brien, Executive Vice-President, iA Wealth. "By unifying our brand and focus, the merger brings greater clarity to our position in the marketplace and creates efficiencies that enhance our ability to deliver a superior experience for both advisors and clients."
iA says the merger will be seamless for both advisors and clients, with no interruption to normal business activities.
"FundEX and Investia already share a core technology platform in Univeris, and as a result the transition will have no impact on day-to-day operations," said David Chapman, President, FundEX. "Clients will continue to work with their current advisor and receive the same great service they have come to expect, while FundEX advisors can look forward to a number of enhancements to their practice management and digital capabilities that are already in place at Investia."
With this merger, Louis H. DeConinck will continue as President of Investia and Chapman will serve as Chief Operating Officer, Investia.
