MGI Financial Inc. has partnered with The Financial Management Group of Companies Inc. to provide life insurance brokerage services across Canada, MGI’s parent company Jovian Capital Corp. announced on Thursday.

MGI and FM have become equal partners in MGI Insurance Brokerage Inc., which will commence operations immediately.

“We are very excited to partner with a company with the insurance brokerage infrastructure that Financial Management has,” said Dave Velanoff, president and CEO of MGI. “We believe that this venture will provide us with a platform through which to grow our life insurance brokerage business.”

“We are very pleased to have the opportunity to team with MGI Financial and the Jovian Group to further expand our insurance network across Canada,” said Jim Virtue, president of FM.