The transaction is part of National Bank’s strategy to expand across Canada and add scale to its wealth management platform.
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When combined with the recently completed acquisition of Wellington West, the Bank’s brokerage arm, National Bank Financial (NBF), through its 1,030 advisors, now manages C$80 billion in assets on behalf of more than 350,000 clients.
Luc Paiement, executive vice president of Wealth Management, co-president and co-CEO of NBF, said, "With the recent acquisitions, we are now one of the largest brokerage firms in Canada and well positioned to serve the wealth management needs of investors in every community across the country".
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