On April 4, 2024, iA Financial Group, through its subsidiary iA Private Wealth Inc. ("iAPW"), announced the acquisition of assets from the retail full-service investment broker division of Laurentian Bank Securities Inc ("LBS"). The deal, for which the financial details remain undisclosed, involves assets under administration exceeding $2 billion, including around 16,000 client accounts. Post-acquisition, approximately 30 advisors from LBS will have the opportunity to join iAPW. This strategic move is part of iA Financial Group's ambition to enhance its position and growth in the Canadian wealth management sector. Stephan Bourbonnais, a top executive at iA Financial Group, emphasized the company's commitment to high-standard financial advice and expressed enthusiasm about integrating new advisors to reinforce clients' financial stability. Although the transaction value was not specified, it is expected to marginally affect iA Financial Group's solvency ratio. The acquisition is set to finalize in the upcoming summer, pending necessary regulatory approvals.