A strategic acquisition for Desjardins

Sales and Distribution, Independent Networks November 30, 2022

Today Desjardins announced an agreement to acquire Guardian Capital Group Limited's independent distribution activities in insurance and personal savings. Guardian is a key player in Canada with:

  • Worldsource Financial Management Inc., a mutual fund distribution firm
  • Worldsource Securities Inc., a full-service brokerage firm
  • IDC Worldsource Insurance Network Inc., a life and health insurance distribution firm

To learn more about Guardian and the 3 companies that will be acquired, please see this factsheet. You can also read the press release. The transaction is expected to close by the end of Q1 2023.

By significantly expanding our reach across the country, we're demonstrating the importance Desjardins places on this activity. This new size will be an advantage: it offers more means for reinvesting in the quality of offers and tools that will benefit advisors and their clients.

This great news will allow Desjardins to become a Canadian leader in the independent distribution of individual savings and insurance products.

André Langlois
Senior Vice-President
Independent Network Sales and Distribution