This transaction, subject to regulatory approval, will increase National Bank Financial’s assets under management by $500 million, and is consistent with the firm’s strategic commitment to develop personal wealth management in markets across Canada as a key growth area.

Luc Paiement, co-president and co-CEO of National Bank Financial, said: This acquisition will strengthen National Bank Financial’s wealth management presence in Toronto. Aquilon’s unique advisory expertise and client base of individuals and families who seek customized solutions makes it a natural fit for National Bank Financial’s Individual Investor Services network.