The Canaccord Capital Corp. immigrant investor program (IMP) team is joining ranks with the IMP team at Industrial Alliance Trust Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc.
The Canaccord team will continue to serve its clients in association with members of the Leduc and Associates Securities Inc. IMP team that joined forces with Industrial Alliance Trust Inc. earlier this year.
The Leduc team has been working with immigrant investors since 1986.
Under the terms of the integration, Industrial Alliance Trust Inc. will take over all of Canaccord’s immigrant investor case files, which represent some $300 million in immigrant investor investments.
Industrial Alliance Trust Inc. has also signed an agreement with Investissement Québec and Quebec’s ministry of Immigration and Cultural Communities regarding the file transfer.
Industrial Alliance Trust Inc. will now act as the financial intermediary of all immigrant investors who made investment agreements with Canaccord prior to October 11, 2005, the date the file transfer took place.
“We are very proud to be part of an organization as solid as Industrial Alliance and to be associated with a team as experienced and proficient as Leduc,” said Jerry Rosenthal, previously of Canaccord and now director of operations and business development of the Industrial Alliance Trust Inc. IMP. “This will allow us to continue offering our clients the federal and provincial immigrant investor programs as well as a multitude of insurance products and financial services from our offices in Canada and several Asian countries.”
Canaccord IMP team joins ranks with the Industrial Alliance
Integration adds $300 million in immigrant investor investments
- By: IE Staff
- October 25, 2005 October 25, 2005
- 09:30