FundEX merges with Investia

FundEX Investments Inc. merged its mutual fund dealer operations with sister company Investia Financial Services Inc. on July 1.

As a result of the merger, FundEX and Investia have become one entity under the Investia banner, which is part of iA Financial Group.

The merger has made Investia the “the largest independent mutual fund dealer in Canada,” according to a notice on the FundEX website.

“The amalgamation of FundEX and Investia reflects our ongoing commitment to optimizing the efficiency of our operations and ensuring a superior client experience,” the notice said.

In an April interview with Advisor’s Edge sister publication Investment Executive, Louis DeConinck, president of Investia, said the merger would result in a dealer with $55 billion in assets under management.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.