![]() ![]() My portfolio was switched from agent to agent within a large company – and I was never contacted or invited to meet my new agent. Before I met him my experience with Financial Advisors had been less than pleasurable. “ Roy Collings has looked after my investments for more than 10 years. Even though I only started out with a very minimum amount of money, Roy took care of me as if I was his richest client! We’re all incredibly happy with how he’s handled our investments over the years, and would recommend him to anyone. My husband and both of my sons saw the incredible care and attention that Roy has taken with my account, and they have also moved their money over to Roy. “I’ve been a client of Roy Collings at iA Private Wealth for close to 20 years. are covered by the Canadian Investor Protection Fund. Only products and services offered through iA Private Wealth Inc. * Insurance products are provided through iA Private Wealth Insurance Agency which is a trade name of PPI Management Inc. He keeps himself involved in the lives of his clients and is willing to meet with them as often as they are comfortable. While many advisors choose a set portfolio and tend to leave their investments for long terms, Roy takes the opposite approach by suggesting to move money around where he believes it will do best. He considers himself a pro-active advisor and is willing to suggest multiple changes within the year as the market dictates. Roy holds himself to a high professional standard and commits many hours to his individual clients, tracking their portfolios against market trends. His involvements include coaching community football for ten years, President of CV Raiders for five years, and President of Mall Merchants Association for five years. ![]() when it became iA Private Wealth.Īlong with maintaining a steady professional career, Roy made sure to stay involved with the community and the lives of his children. After many years with Dundee Securities, the company was bought out by Scotia Capital and by Industrial Alliance Securities Inc. When Fortune Financial was bought out by Dundee Securities, Roy moved into the Courtenay office in the Braidwood Mall. In 1997, Roy gained his mutual funds licence and he decided to start his own branch of Fortune Financial which was located in Comox. First as a life insurance agent, Roy and a partner started their own firm called Glacierview Financial. The stores were closed in the mid 1990’s and Roy began his career in the financial services business. Roy owned a men’s clothing store in Courtenay for many years before expanding to Campbell River. They stayed in Comox where Roy would graduate from high school and soon after meet and then marry the love of his life Deb. Pinball Clemons: ‘You’re doing phenomenal work, but we still need more of you.Roy came from a military family that was lucky enough to be posted to Comox when Roy was very young.Scotia to pay $20 million in client compensation The goal at the time was to create a one-stop shopping model for clients, according to executives.įed is manipulating the dollar, says HollisWealth manager The sale would be a step forward in Scotia’s restructuring of its wealth management business, which combined services such as financial planning, investment management, and insurance products during a rebranding it underwent last year. The firm was renamed HollisWealth in late 2013, and its former head, Tuula Jalasjaa, left the firm earlier this year. HollisWealth was acquired by ScotiaBank over four years, starting with a 2007 purchase of an 18% stake in the firm’s predecessor parent company DundeeWealth for $348 million and ending with Scotia buying the remaining shares for $2.3 billion. ![]() While wealth management firms face profit-shrinking challenges, insurers are gaining interest in such companies due to modest growth and low interest rates that are dampening their ability to achieve returns from low-risk investments. The network currently provides advisory services on investments, insurance, mortgages, and estate planning, among others. People familiar with the matter say Quebec-based insurer Industrial Alliance Insurance and Financial Services is ahead among prospective buyers, though the likelihood of a sale pushing through or the amount being offered was not mentioned.Ī successful sale of HollisWealth would let Industrial Alliance control a network of 800 advisors in more than 300 Canadian locations. As the wealth management industry is squeezed by slowing growth and increasing regulation of fees and commissions, Bank of Nova Scotia is reportedly engaging in talks to sell independent advisor network HollisWealth, according to an article by the Globe and Mail.
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