Investment Planning Counsel has completed the acquisition of De Thomas Wealth Management, adding $2.8 billion in assets and enhancing its advisor network.

Target Overview

Investment Planning Counsel Inc. (IPC), a subsidiary of Canada Life, has successfully completed its acquisition of the wealth assets from De Thomas Wealth Management Corp. This strategic move enhances IPC's portfolio by adding $2.8 billion to its assets under administration, increasing the total to over $43 billion. Additionally, the transaction brings 35 new advisors into IPC’s advisory network, further solidifying its presence in the wealth management sector.

The acquisition allows De Thomas to focus on scaling its operations and better serving its clients. By integrating with IPC, De Thomas gains access to advanced resources including IPC One, an innovative technology-enabled business platform designed for discretionary portfolio management, as well as high-net-worth investment solutions and succession planning strategies for advisors.

Industry Overview

The wealth management industry in Canada has witnessed substantial growth, driven by an increasing number of high-net-worth individuals seeking personalized financial solutions. As financial literacy ris