Industrial Alliance buys Aegon Dealer Services

Industrial Alliance

Industrial Alliance Insurance and Financial Services Inc. is continuing its wealth-management expansion with a deal to take over National Financial Corp., whose operations include Aegon Dealer Services Canada, Money Concepts (Canada) and National Financial Insurance Agency.

Industrial Alliance did not disclose the terms of the transaction with the Canadian unit of Dutch insurer Aegon Group. The deal announced Friday is the 13th takeover in the Quebec City-headquartered company’s drive into the wealth-management business in recent years.

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