Managing General Agency Financial Horizons Group and Exempt Market Dealer Pinnacle Wealth Brokers Inc. have entered a strategic alliance that “will create a close alignment of business interests,” announced the companies Jan. 20.
The deal includes a reciprocal referral relationship that enables Pinnacle to actively recruit Financial Horizons’ top insurance advisors and provide them with access to Pinnacle’s private capital market expertise and products.
Private capital market
John Hamilton President & CEO of Financial Horizons, said, “The addition of these private capital market opportunities increases our ability to provide services to our clients across Canada...”
Darvin Zurfluh, CEO of Pinnacle, said his company researched and interviewed many MGAs before deciding that Financial Horizons was the right fit. “Through our relationship with Financial Horizons Group, our dealing representatives will have access to industry leading tools such as smart rooms and planning software that will enhance their practice.”
Lloyd McDonald, Pinnacle’s Vice President of Business Development – Canada, said that aligning the businesses will permit both companies to “focus on our core business and create unique solutions for our mutual clients. The private markets are where pension funds, endowment funds and family offices have been looking to enhance investment returns in this prolonged low interest rate environment.