Rice Financial Group Inc. has received regulatory and court approval to acquire certain of the former assets of Farm Mutual Financial Services Inc., including the right to advise on approximately $300 million in client assets under administration.

The transaction has added more than 30 advisors to Rice Financial’s existing operations in Ontario.

“This transaction is another step in our ongoing expansion in Ontario,” says Dave Velanoff, Rice Financial’s president and CEO.

Rice Financial operates a network of branch and associate offices stretches from the B.C. coast to the Ontario/Quebec border, serving more than 85,000 clients and advising assets in excess of $4 billion. It is a wholly owned subsidiary of Jovian Capital Corp.