Announcing Our Firm's Next Chapter
In the 36 years since I co-founded PI Financial along with my friend and co-founder John Eymann, Vice-Chairman, we have grown from eight employees with just a dozen clients to over 50,000 clients in 16 offices across Canada. We have become one of the leading independent employee-owned investment dealers in Canada.
We are proud of our legacy, and grateful to our loyal clients for entrusting us with their financial needs over the years. Our commitment to our clients has led us to this point.
We are pleased to announce that our 54 shareholders have received an offer from a young Canadian entrepreneur named Gary Ng, to acquire 100% of PI. Subject to shareholder and regulatory approvals, we expect the transaction will complete on November 30, 2018.
This represents the next chapter in our firm’s history and I am excited for the future. PI is not changing, and our staff and investment professionals will all continue to provide our clients with experienced advice and service. Gary’s commitment to invest in our platform and inject new ideas into our firm makes me confident that working with our existing management team – the future will be bright for PI for many years to come. He is a proven leader and builder and his entrepreneurial spirit reminds me of John and I when we founded this firm. We will be stepping down from our leadership roles but will continue to provide counsel to the executive team and remain as Investment Advisors to our clients.
We are thankful to all of the firm’s clients and stakeholders as we turn the page forward.
Chairman & CEO
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