TORONTO, May 15, 2014 /CNW/ - PPI, a national marketer of insurance solutions, and Dundee Goodman Insurance Agency Ltd. recently announced a strategic alliance under which PPI will provide sales and marketing support, education and tools to Dundee Goodman's insurance advisors.
An independent study commissioned by Dundee Goodman in 2013 indicates that worries over healthcare needs have emerged as the second most‐important driver, behind retirement itself, of investment planning for certain individuals across Canada. "Dundee Goodman is proud to partner with PPI to bring our clients a comprehensive wealth management experience that responds to their needs and concerns." said John Cucchiella, Senior Vice President and Head of Retail at Dundee Goodman.
"PPI's two marketing channels ‐ PPI Solutions in the broader market and PPI Advisory in the high networth market ‐ will support Dundee Goodman advisors with products, processes, software and education in the insurance area," said James A. Burton, Chairman and CEO of PPI.
"We anticipate that the arrangement will provide Dundee Goodman advisors with wider access to insurance companies and new, innovative insurance product solutions," said Jim Virtue, President of PPISolutions. Dundee Goodman's advisors will utilize the PPI Toolkit, proprietary software that generates custom‐made client presentations, insurance concepts and product comparisons to provide superior service to their clients, according to Mr. Virtue.
For large cases, Dundee Goodman advisors will access PPI Advisory's tax and estate planning expertise for sophisticated insurance and business succession planning, a specialized insurance market in which PPI has been active for more than 30 years. "Dundee Goodman clients benefit from our alliance with PPI through sophisticated planning support for risk management and estate planning." said Robert Sellars, Chief Financial Officer at Dundee Goodman.
This announcement comes soon after Dundee Goodman Private Wealth's acquisition of approximately 60 investment advisors across Canada, which expanded its platform to approximately 100 investment advisors across Canada managing portfolios valued at more than $6 billion and Dundee Securities' global reach with offices in Toronto, Montreal, Calgary, Vancouver, Ottawa, Victoria, Dubai and London, England. "This alliance marks another step forward in Dundee Goodman's strategic plan to build its private wealth division into a global first class presence." said Mr. Cucchiella.
This is the latest in a number of strategic alliances to provide insurance support that PPI has formed in the past few years with insurance affiliates of IIROC and MFDA‐regulated firms across Canada. "Our experience in working with these partners has allowed us to refine our insurance marketing approach to best suit investment advisors," added Jim Virtue.
PPI is a leading marketer of insurance solutions, offering actuarial, tax and specialized expertise in all aspects of life insurance, and specifically in its design and custom application. PPI has two complementary marketing channels: PPI Advisory is dedicated to the high net‐worth market whose complex estate and tax planning needs demand sophisticated insurance strategies; PPI Solutions is a national resource for insurance advisors who serve the broader Canadian market offering proprietary technology tools, a comprehensive product suite, unparalleled insurer relationships and competitive compensation.
About Dundee Goodman
Dundee Goodman Insurance Agency is an affiliate of Dundee Goodman Private Wealth, a division of Dundee Securities Ltd. and one of the few remaining independent investment dealers in Canada. With a history of more than twenty years in the personal investment advisory business, Dundee Goodman Private Wealth is home to a group of portfolio managers, investment advisors and insurance advisors who deliver expert advice to their clients.
Dundee Goodman Private Wealth also leverages the expertise of its sister division, Dundee Capital Markets, which provides innovative research, trading strategies and opportunities within the resources, real estate, infrastructure, diversified industries and special situations sectors to its institutional clients and Dundee Goodman's private clients alike. Dundee Capital Markets' highly regarded economics team led by Dr. Martin Murenbeeld publishes independent analysis and advice on a wide variety of economic and financial trends to interests across the globe.
Dundee Goodman Insurance Agency Ltd and Dundee Securities Ltd. are wholly‐owned subsidiaries of Dundee Corporation, a public Canadian independent holding company listed on the Toronto Stock Exchange under the symbol "DC.A."
SOURCE: Dundee Goodman Private Wealth
For further information: Media Contacts: John Cucchiella, Senior Vice President, Head of Retail, Dundee Goodman Private Wealth, 1?647?428?8296, [email protected]; Barbara Elder, Vice?President, Communications, PPI, 1?416?915?2940, [email protected]