BURLINGTON, ON, June 4, 2012 /CNW/ - Aligned Capital Distribution Inc.
("Aligned Capital") announced today that it has acquired all of the
issued and outstanding shares of Money Managers Inc. ("MMI"), which has
been an independent investment dealer since 1999. It offers a wide
range of wealth management products to retail clients in Ontario. As a
result of the acquisition, the name of MMI has been changed to "Aligned
Capital Partners Inc."
"The acquisition of MMI by Aligned Capital is a significant milestone as
it allows us to build on a strong base of business and gives us the
opportunity to offer Canada's advisors a unique business model and a
client centric product and service firm in which they can grow their
practice" said Michael Greer, a Managing Director of Aligned Capital
Chris Enright, another Managing Director at Aligned Capital Partners
Inc., also noted that "The transaction builds on the strengths of MMI
by having Frank Konopaski continue as a member of the company's board
of directors and Michael Konopaski continue to act as the company's
Chief Financial Officer and interim Chief Compliance Officer. We look
forward to working closely with both individuals in the future."
"Partnering with Aligned Capital and its management team's vast
experience in the distribution of financial products through
independent advisors was a natural fit for MMI", noted Franklin
Konopaski, the former President of MMI, who in addition to continuing
to act as a member of the company's board of directors will also help
guide the company's newly created advisory council.
About Aligned Capital Partners Inc.
Aligned Capital Partners Inc is an investment dealer providing a broad
range of investment and wealth management products to clients in
Ontario. Aligned Capital Partners Inc. is a member of the Investment
Industry Regulatory Organization of Canada and is a member of the
Canadian Investor Protection Fund.
SOURCE Aligned Capital Distribution Inc.
For further information:
Christopher J. Enright, Managing Director
(905)849-5277 or firstname.lastname@example.org
Michael S. Greer, Managing Director
(416) 689-8519 or email@example.com