GMP Private Client announced today the launch of personal and business insurance solutions designed specifically for the needs of high-net-worth Canadian investors.

“Insurance is an integral component of any financial planning strategy because it provides an avenue to build, maximize, protect and transfer wealth,” said James Werry, CEO, GMP Private Client. “As a firm dedicated to offering clients complete wealth management guidance and personalized strategies, insurance is a natural evolution of our product offer. Many of our clients are successful business entrepreneurs or in charge of managing significant family wealth, so they will benefit from our enhanced ability to help handle all aspects of their financial picture.”

Through GMP Insurance Inc., a wholly owned corporate subsidiary of GMP Private Client, and its relationship with PPI Partners, a national insurance marketing firm, GMP’s Investment Advisors will be able to access a deep inventory of insurance products from providers such as RBC Insurance, AIG, Manulife Financial and Standard Life, and proprietary insurance solutions exclusive to PPI.

PPI is focused on serving the insurance needs of high net worth clients and business owners throughout Canada.

The establishment of GMP Insurance Inc. as a registered insurance broker is subject to regulatory approval.