Financial Horizons Group announced on Aug. 14 that it has acquired TORCE Financial Group Inc. and VANCE Financial Group Inc. FHG purchased all of the shares of TORCE and VANCE on Aug. 1, 2019.
TORCE is a Managing General Agency in the Greater Toronto area, and VANCE is an MGA in the Vancouver market. They work with a total of 1,200 advisors, says Financial Horizons Group (FHG).
David Ho, CEO of both firms, will maintain his role of President of the TORCE and VANCE businesses. There will be no change to the management teams of the companies, adds FHG.
"This is a great opportunity for our advisors to leverage the highest quality products, services and premier solutions,” said Ho. “I look forward to continued growth and working with Nick and his team."
"Ultimately, we believe that this creates great opportunities for advisors and their clients," said Nick Pszeniczny, CEO of FHG.