Desjardins accelerates its pan-Canadian growth

  • IDC Worldsource Insurance Network Inc. (IDC), one of the largest groups of general insurance agents in the country.
  • Worldsource Financial Management Inc. (WFM), a distribution network for mutual funds.
  • Worldsource Securities Inc. (WSI), an independent full-service securities distributor.

IDC, WFM and WSI serve more than 5,000 advisors across Canada engaged in the independent distribution of individual insurance and savings products.

The companies remain independent

This acquisition will position Desjardins as a Canadian leader in independent distribution, with more than $2 billion in life insurance premiums in force and $43 billion in assets under management across mutual funds, segregated funds and securities.

Desjardins plans to operate the acquired companies as independent entities. Current management teams and employees will remain.

“We want to support them in pursuing their impressive momentum,” explains Guy Cormier.

A question of size and means

“We aim to reach a size that will give us more financial means to innovate and invest in improving the products and services we offer to our members, clients and advisors.”

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