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.
This transaction will give Desjardins access to a key player and a top performing network of ± 5,000 independent advisors known across Canada. Distribution via intermediary has played an important role at Desjardins for several years now, but we're taking a huge step forward with this transaction.
This transaction will give Desjardins access to a key player and a top performing network of ± 5,000 independent advisors known across Canada. Distribution via intermediary has played an important role at Desjardins for almost 25 years now, with the SFL, DFSIN and DFSI networks, but we're taking a huge step forward with this transaction.
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.
Keep an eye on your communications channels—opportunities to share more information and discuss will be planned soon. Until then, a
FAQ is available.
André Langlois
Senior Vice-President
Independent Network Sales and Distribution
