Cartier Capital Limited Partnership (Cartier L.P.) announced Thursday that it is looking for a buyer for all of the common shares of Cartier Partners Financial Group Inc. that it holds, representing approximately 66% of the outstanding common shares.

Cartier Partners, an integrated distributor of mutual funds, securities, and life insurance products, has a stable of 3,500 independent financial advisors, and over $14 billion in assets under administration.

The proposed transaction follows the decision of Cartier L.P.’s financial partner, the Caisse de dépôt et placement du Québec to reposition the former Services Financiers CDPQ Inc.’s investment portfolio as a minority financial investor.

Jean Dumont, president of Cartier L.P. and chairman of Cartier Partners Financial Group Inc. said “Services Financiers CDPQ Inc. has been an excellent financial partner for the first four years of the development of our company. The senior management team and I are positive about the change and eager to work with a new partner to realize the full potential of Cartier Partners.”

Dan Richards, CEO of Cartier Partners Financial Group Inc., said “Cartier Partners is poised to capitalize on the numerous growth opportunities which will be developing in the period ahead. The strong network of independent advisors put together by Cartier has few equals in the Canadian market place and represents a major opportunity for a partner committed to increasing its presence in key markets across Canada.”