Toronto-based Hampton Financial has purchased the wealth management business of All Group Financial Services for an undisclosed amount.

All Group is an independent investment provider, focused on serving both retail and institutional clients. The company’s sales and trading team consists of 15 investment advisors.

As part of the transaction, All Group’s advisors will join Hampton Financial.

Hampton Financial in a statement said that clients will continue to benefit from the personal and tailored relationships they have become accustomed to experiencing from their respective advisors, as the two firms look to capitalize on each other's years of mutual experience in the industry.

Hampton Financial Corporation executive chairman and CEO Peter Deeb said: “We are pleased to be adding the team from All Group, and believe this transaction aligns well with our strategic plan of consolidation within our industry to make Hampton one of Canada's leading independent wealth management firms."

All Group CEO James Moon said: "We are excited at the opportunity presented for our clients and advisors to join the Hampton family."