Manulife Acquires Wellington West Financial Services

August 31, 2012

On August 29, 2012, Manulife Financial (NYSE: MFC) announced that it will acquire Wellington West Financial Services Inc. for an undisclosed sum.


On August 29, 2012, Manulife Financial (NYSE: MFC) announced that it will acquire Wellington West Financial Services Inc., an independent financial planning firm, from National Bank Financial Group for an undisclosed sum.  Manulife Financial is a Canada-based financial services group with approximately $504 billion in assets under management.  Wellington West is a dealership registered with the Mutual Funds Dealers Association and has approximately $900 million in assets under management.  Wellington West provides personal and corporate financial planning services through a network of independent financial advisors based in Canada.  The terms of the transaction were not disclosed.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions