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ai acquires an MGA to strengthen PPI in the West

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April 11, 2018 09:45

Jim Virtue

iA financial Group has announced the acquisition of’ABEX Brokerage Services and its subsidiary ABEX National Brokerage. ABEX is a general agent operating in Western canada.

In a statement, ai said that from now, all the operations of ABEX will be fully integrated and assumed by PPI Solutions. ai has acquired PPI at the end of February.

“In the name of IPP and ai financial Group, we would like to welcome the councillors and staff of ABEX,” said the president and ceo of PPI Solutions Jim Virtue. “This acquisition continues to demonstrate the belief and the values of ai financial Group to encourage distribution via independent consultants, and we look forward to supporting the advisors of ABEX with the full range of tools of marketing, technology, fundraising, education and planning that we have in the PPI. “

Founded in 1986

ABEX, which was founded in 1986 by Duaine and Lorraine Miller, supports advisers in Alberta and British Columbia, under the direction of Kevin Miller and Carissa Seguin. “We are pleased and excited to continue to support our independent advisors in the context of a strong national organization. We are confident that this transaction will ensure a strong future and stable to our advisors, ” says Mr. Miller.

“With the acquisition of ABEX, iA financial Group continued to increase its distribution of insurance brokerage in Canada,” says the chief operating officer of iA, Denis Ricard. “Our subsidiary, PPI, will provide these advisors with the best services expanded to the insurance and wealth management. In addition, the division Councils, PPI, which serves wealthy customers, provides new tools and opportunities for the advisors of ABEX. “

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