The co-operative financial services company
acquires independent wealth advisor firm: Roger Ghent Financial
Services Inc.
GUELPH,
ON, May 22, 2024 /CNW/ - Co‑operators
announced today its acquisition of Roger Ghent Financial Services
Inc. The acquisition is part of Co‑operators commitment to address
the mounting need in the wealth and financial services industry to
provide strategic transition opportunities for advisors who are
considering retirement.
"Developing the scale and skill of our distribution model is
among our top objectives," says Lucilla
Nardi, Chief Distribution Officer of Co‑operators Financial
Investment Services Inc. (CFIS). "Arrangements like these
accelerate our mutual fund expertise by recruiting veteran advisors
alongside their portfolios."
Co‑operators is an ideal bridge for advisors and wealth managers
that are contemplating the sale of their business, but not ready to
walk away entirely. The company offers outgoing professionals a
competitive price for part, or all, of their portfolio. In so
doing, they're provided generous marketing and business supports,
and granted the freedom to exit the business at their own pace -
with full confidence that their clients will continue to receive
the highest level of service and care from a reputable Canadian
business leader.
Roger Ghent operated
independently for almost 30 years in Brooklin, Ontario - serving over 200 clients
and managing approximately $35.9
million in assets. Ghent's lifetime of expertise will be a
valuable addition to Co‑operators pool of talented advisors; he
will stay on with Co-operators for an 18-month duration, concluding
with his well-earned retirement in 2025. Roger's team is included
as part of this transition to ensure continued excellence in their
clients' experience.
"The most appealing aspect of joining Co‑operators was the
opportunity to ensure the coordinated transition of my client's
assets into experienced, trustworthy hands," says Roger Ghent. "Now my clients can access the full
suite of Co‑operators insurance and financial service offerings - a
significant value-add to their lives. It gives me a tremendous
sense of pride and I can trust that the legacy of my service to my
community and clients will remain intact."
The effective close date of the transaction was May 13, 2024.
About Co-operators
Co‑operators is a leading Canadian financial services
co-operative, offering multi-line insurance and investment
products, services, and personalized advice to help Canadians build
their financial strength and security. Co‑operators has more than
$64 billion in assets under
administration and has been providing trusted guidance to Canadians
for the past 78 years. The organization is well known for its
community involvement and its commitment to sustainability.
Achieving carbon neutral equivalency in 2020, the organization is
committed to net-zero emissions in its operations and investments
by 2040, and 2050, respectively. Co‑operators is also ranked as a
Corporate Knights' Best 50 Corporate Citizen in Canada. For more information, please visit:
www.cooperators.ca.
Co-operators® is a registered trademark of The Co-operators
Group Limited. © 2024 Co-operators Financial Investment Services
Inc.
For additional information, please contact:
media@cooperators.ca
SOURCE The Co-operators Group Limited