Many Canadian property and casualty brokerages have recently been acquiring wealth management firms.
Why?
Although it varies from brokerage to brokerage, NFP Canada’s Mike Goldman tells Canadian Underwriter these acquisitions provide “the advantage of partnering with a well-established firm with a robust client base across Canada.”
“This serves our clients well because the more our business segments are integrated with teams of experts working together to understand client needs and challenges … the better the outcome,” Goldman said.
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