TORONTO, Sept. 28 /CNW/ - Global Maxfin Investments Inc. (Global) is growing its operations in Canada. Global has signed a definitive agreement to acquire Professional Investment Services (Canada) Inc. - a mutual fund dealer.
"This is an excellent fit for Global. Professional Investment Services (Canada) Inc. provides specialized financial services that will complement the Global family of companies," said Richard Pyper, Executive Managing Director. "The size and strength of the combined firm will offer more value and opportunities for Advisors who choose to maintain their independence."
Following the new acquisition, Global will be one of the largest independent mutual fund dealers in Canada with over 250 licensed Advisors, and over $1.5 billion in Assets Under Administration. The acquisition is expected to finalize in the fourth quarter, subject to regulatory approval and customary closing conditions.
Global will continue to focus on growing both organically and through acquisitions across Canada.
Professional Investment Services (Canada) Inc. is a subsidiary of Professional Investment Holdings Group, owner of one of the largest networks of accountants, financial advisers and life insurance brokers in Australia.
About Global Maxfin Investments Inc.
Global Maxfin Investments Inc. is part of the Global family of companies, which offers an array of financial solutions, including education savings plans, life and disability insurance, mutual funds, stocks, bonds and other investments.
Global Maxfin Investments Inc. is a member of the Mutual Fund Dealers Association (MFDA) and The Investment Funds Institute of Canada (IFIC). Headquartered in Richmond Hill, Ontario, Global operates in British Columbia, Saskatchewan, Ontario, Quebec, New Brunswick, Nova Scotia and Newfoundland.
Global Maxfin Investments Inc. is a dynamic Mutual Fund and Scholarship Plan Dealership, committed to providing its independent Dealing Representatives a broad range of products services, and support needed to expand an independent advisor's practice.
SOURCE GLOBAL MAXFIN INVESTMENTS INC.
For further information: For further information: Media inquiries, please contact: Maja Begovic or Rudy Bartolome, Marketing and Communications, Global family of companies, (416) 741-7377 ext.3501, firstname.lastname@example.org