Canadian Western Bank acquires iA Investment Counsel Inc.

Date Closed

June 01, 2020

Lead Office

Toronto

On June 1, 2020, Canadian Western Bank ("CWB") completed its acquisition of iA Investment Counsel Inc. a wholly owned iA subsidiary. 

iA Investment Counsel is a leading provider of financial planning and wealth management services targeting high-net-worth Canadian families under the brand names T.E. Wealth ("T.E.") and Leon Frazer & Associates. T.E. is also one of the largest and most reputable providers of investment management and financial education services to Indigenous communities, with offerings provided under the T.E. Wealth Indigenous Services brand.

CWB is a diversified financial services organization serving businesses and individuals across Canada. Operating from headquarters in Edmonton, Alberta, CWB's key business lines include full service business and personal banking offered through branch locations of Canadian Western Bank and internet banking services provided by Motive Financial.

iA Financial Group is one of the largest insurance and wealth management companies in Canada and the United States.

McCarthy Tétrault LLP advised CWB with a team led by Robert Hansen that includes Mariko Rivers, Sean Sadler (Business), Ana Badour, Hartley Lefton (Financial Services), Domenic Presta, Michael Scherman, Vincent Yip (Technology), Gabrielle Richards, Wendy Brousseau (Tax), Gregory Winfield, Deron Waldock (Pensions), Ben Aberant (Labour and Employment), Oliver Borgers (Competition) and Ted Cox (Real Property and Planning).

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