On Sept. 9, Qualified Financial Services (QFS) announced that it had acquired A.R.C. Financial Group, along with A.R.C.’s head office in Rothesay, New Brunswick.
In an announcement sent to media, QFS president Nick Simone noted that, through its office in Dartmouth, Nova Scotia., the Toronto-based MGA has been active in Atlantic Canada since July of 2011. "Our growth in the region has been nothing short of fantastic, but to better serve the advisors of all four Atlantic Provinces, it was important that we grow and establish a regional office in New Brunswick," he says.
Besides having advisors in New Brunswick, Nova Scotia and Prince Edward Island, A.R.C. also has advisors in Newfoundland, where QFS previously had little representation. "The acquisition of A.R.C. represents another step in our strategic growth plan, where we continue to identify potential opportunities to strengthen our brand in specific geographic markets," reads the press release.
The current principal of A.R.C., Ken Cohoon, will become business development consultant at QFS, and will work closely with Henriette Bichai, QFS's newly appointed director for the region Bichai is also director for Quebec.
