MONTREAL, Dec. 7, 2016 /CNW Telbec/ - PEAK Financial Group continues to grow by expanding its insurance activities. PEAK Financial Group Chairman and CEO, Robert Frances, is pleased to announce a major transaction with L.E.S Financial Services, a group of Advisors under the leadership of Mr. Lorne Schecter, an industry leader and specialist in living benefits insurance for more than 6,000 doctors and other healthcare professionals in Canada.
This transaction reflects PEAK's ambitions to continue to develop as the largest fully independent multidisciplinary group in Canada, having grown in assets under administration by 38% over the past five years. Concluding this transaction after alliances with three Managing General Agencies in recent years, PEAK Insurance Services will significantly strengthen its position in the insurance industry.
"This is excellent news. We will expand the reach of our insurance services. This transaction also allows PEAK and L.E.S Financial Services to form a competitive partnership. L.E.S Financial Services' clients will be able to access unbiased financial advice through PEAK Advisors." said Robert Frances.
"This partnership guarantees long-term continuity both for our firm and for our clients." stated Lorne Schecter. "PEAK offers us the opportunity to continue doing what is most important to us – serving our clients – while broadening their opportunities with a powerful service offering. We will all benefit from the stability and soundness of this fully independent financial group. L.E.S and PEAK have a shared vision and values, including integrity and objectivity of advice, and I am confident L.E.S will benefit from PEAK Insurance Services' outstanding back-office service."
"PEAK Financial Group will celebrate its 25th Anniversary in the coming months. It is a perfect time to embark on a new chapter of growth," concluded Robert Frances.
About PEAK Financial Group - Founded in 1992, PEAK Financial Group, Canada's premier independent full service dealer, has an unrivalled reputation in the ﬁnancial services industry and provides its expertise to a network of over 1,500 Independent Financial Advisors and registered professionals, well established in wealth management, mutual funds, securities, insurance and ﬁnancial planning. PEAK Financial Group has over $ 8.5 billion in assets under administration and an enviable life insurance portfolio. PEAK Financial Group is comprised of 4 member companies: PEAK Investment Services Inc., PEAK Financial Services Inc., PEAK Securities Inc. and PEAK Insurance Services Inc. Thanks to the shared values of integrity, independence, and innovation within PEAK Financial Group, PEAK and its network of independent ﬁnancial Advisors have earned the trust of over 150,000 investors, from coast to coast.
PEAK Insurance Services provides access to over 20 insurance companies, support services, and business development for Advisors for nearly 20 years across Canada.
About L.E.S. Financial Services Inc. - L.E.S. Financial Services Inc. is an independent brokerage firm that has provided quality insurance protection to their clients since 1990. L.E.S is an industry leader and specialist in living benefits insurance for more than 6,000 doctors and other healthcare professionals in Canada.
SOURCE PEAK Financial Group
For further information: Caroline Combes, Director, Marketing, Communications & Public Relations, Tel.: 514-844-6911, ext. 2280 / 514-518-0388, [email protected]