Investment firm targets medical professionals
Nicola Wealth has announced the acquisition of Levine Financial Group (LFG) as it continues its expansion into Ontario.
The Vancouver-headquartered private investment counsel firm said the move is a “strategic step” in bringing the firm’s wealth planning philosophy to medical professionals across the province.
Elliott Levine, of Levine Financial Group [LFG], said in a release: “I have worked closely with Nicola Wealth for over 12 years. Integrating with Nicola Wealth is an organic move for us. We share core values and a dedication to providing superior service to clients, and in our case, that is medical professionals, their families and their medical professional corporations.”
Levine added that Nicola’s knowledge of private equity, mortgages, debt and institutional-grade real estate was key to the completion of the deal.
For Nicola, it has continued to recruit advisors and build its presence in Ontario, targeting high-net-worth clients. Last year it partnered with Stallion Financial, which is based in the Greater Toronto Area.
Vanessa Flockton, Senior Vice President, Advisory Services at Nicola Wealth, added: “Together [with LFG], we can offer medical practitioners the comprehensive plans they need as they consider the complexities of their financial future.”
Both Nicola Wealth and LFG will continue independent operations while identifying opportunities to collaborate.