Presidents say consolidation decision made with advisor independence in mind.
Group business transaction impacts 1.5-million plan members.
Deal is expected to add $1.5-billion to Canaccord’s total client assets.
Transaction to close in the first quarter of 2023.
The Intact subsidiary finished the year with 24 transactions.
The current managers will hold almost two thirds of the company shares, and the firm will no longer be listed on the sto
$750-million transaction expected to close in the first quarter of 2023.