REGINA, March 1 /CNW/ - Partners In Planning Financial Group Ltd. (PIP)
and ECI Investments Ltd. (ECI), a wholly owned subsidiary of privately owned
InterBorder Holdings Ltd (InterBorder), announced today the closing of an
arrangement which gives InterBorder control of 100% of PIP and its wholly
owned subsidiaries, constituting over $4.7 billion in assets under
administration. As part of the agreement InterBorder has confirmed a continued
commitment to the PIP brand, its ideals and its dedicated staff.
"Our business has been built on the values of mutual respect, integrity
and professionalism and we see those same values in InterBorder. Because we
share that foundation, we at PIP see this partnership as an opportunity to
strengthen and extend the success we've experienced to date," said Michael
Wolfond, outgoing CEO of PIP. "All of us who are shareholders are also PIP
financial advisors, and as such we have the highest accountability to our
clients to ensure the details of this partnership are mutually beneficial."
Wolfond will remain part of the PIP team, operating one of the largest
financial planning branches in the firm.
"Being privately held by the very financial advisors that deliver the
customer experience, PIP offers an established and superior customer
commitment unmatched in the market place. InterBorder's pledge in this new
partnership is to maintain that commitment and expand the client service and
product offerings available to PIP customers," said Bill Doherty, President
and CEO of InterBorder. "That is why the agreement specifically outlines our
commitment to maintain head office staff and operations, as well as the PIP
brand. Our goal is to support and enhance what has made this group what it is
today - the largest independent financial planning firm in Canada."
About Partners In Planning Financial Group Ltd.
Partners In Planning Financial Group Ltd., headquartered in Regina,
Saskatchewan, has over 1,000 mutual fund and insurance representatives, with
100 offices across Canada. Partners In Planning Financial Services Ltd. is
Canada's largest national independent mutual fund dealer and offers a full
range of mutual funds and money products. Through Partners In Planning
Insurance Services Inc., representatives process a full range of life,
disability, critical illness and long-term care insurance products, segregated
funds and Guaranteed Investment Certificates (GICs).
Partners In Planning's commitment to customer service, ethics, new ideas,
processes and products has earned it a national reputation for excellence in
financial planning and has attracted and continues to attract the most
experienced, respected and ethical financial planning representatives.
About InterBorder Holdings Ltd.
InterBorder Holdings Ltd., is a vertically integrated holding company
headquartered in Calgary, Alberta. InterBorder is involved in land development
and asset management through its wholly owned subsidiaries and has significant
land holdings in North America.
For further information:
For further information: M. Hugh Gabruch, General Counsel, Partners In
Planning Financial Group at (306) 347-4473 or firstname.lastname@example.org