|By PR Newswire||
|January 11, 2013 09:30 AM EST||
MONTREAL, Jan. 11, 2013 /CNW Telbec/ - PEAK Financial Group is continuing to expand, strengthening its insurance of persons sector in Western Canada. One of the largest and most established MGAs in Western Canada, Customplan Financial Advisors Inc. joins forces with PEAK Insurance Services, PEAK's insurance dealer. Concluding this transaction during its 20th anniversary year, PEAK is expanding its well-established network of more than 1,300 independent financial Advisors and registered professionals in Canada and is diversifying its revenues in a geographic sector that offers considerable opportunities. Three years after acquiring Promutuel Capital and five years after purchasing AXA Financial Services, this continued expansion reflects PEAK's ambition to grow as one of the largest fully independent financial groups throughout the entire country.
This transaction will allow PEAK Insurance Services and Customplan Financial Advisors to significantly strengthen their positions in the MGA market, particularly in Western Canada. Having already acquired Greater Montreal Financial Services in 2002, PEAK Insurance Services is a leading national insurance of persons distributor, providing access to more than 20 insurance companies. Customplan Advisors will double the size of PEAK's insurance dealer, created almost 15 years ago. With five local offices in British Columbia, Alberta and Saskatchewan, PEAK will strengthen its Advisor support, network facilitation and business development services in a major way.
"After our five-year strategic alliance, we are delighted that Customplan Financial Advisors have joined us. This transaction is undeniable proof of our growth in the insurance sector and our favourable positioning," said Robert Frances, President and CEO of PEAK Financial Group. "We are proud to further deepen our relationship with the professionals and industry leading people at Customplan," he added.
"We are proud of our alliance with PEAK. PEAK's vision, commitment and values are literally identical to our own and will allow Customplan Advisors to enhance their activities in mutual funds and securities in a climate where their independence will be fully respected," said Karl Krokosinski, President and CEO of Customplan Financial Advisors.
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 1,000 independent ﬁnancial Advisors and registered professionals, well established in wealth management, mutual funds, securities, insurance and ﬁnancial planning.
PEAK Financial Group has over $ 6 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 135,000 investors, from coast to coast.
About Customplan Financial Advisors
Founded in 1978, Customplan Financial Advisors has a network of over 300 Advisors in British Colombia, Alberta, Saskatchewan, Ontario and Newfoundland. Fully independent, Customplan is one of the largest and most established MGAs in insurance, investments and ﬁnancial planning in Western Canada.
Business in Vancouver Magazine lists Customplan as largest Independent ﬁnancial planning ﬁrm in the Greater Vancouver Regional District.
SOURCE PEAK Financial Group
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