Financial Horizons acquires MGA

S&V Planning Corporation, a Victoria, B.C.-based MGA, has joined forces with Financial Horizons Inc.

The transaction involved the purchase of 100% of the shares of S&V Planning Corporation by Financial Horizons Inc. in exchange for cash and shares in Financial Horizons Group Inc. The transaction closed on October 31, 2014.

Read: TD Bank welcomes new CEO

Financial Horizons Group operates nationally with four regions: Ontario; Atlantic Canada; Quebec; and western Canada.

The management team, office and staff of S&V Planning Corporation will remain essentially unchanged, says a media release.

“We are very excited about the addition of S&V,” says Paul Isaacson, president of Financial Horizons in Western Canada. “We now have a significant footprint in B.C. with the intellectual capital and infrastructure to support the advisors in their business.”

Read: Competition Bureau clears Tim Hortons acquisition

Dennis Smith, president of S&V Planning, adds, “In addition to the benefit of Financial Horizons’ size and strength, they have the same corporate culture as S&V when it comes to service and integrity for both our advisors and for our staff.”

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.