IG Wealth Management Unveils Fresh Advisory Service for Canadian Business Owners: Private Company Assistance

IG Wealth Management Unveils Fresh Advisory Service for Canadian Business Owners: Private Company Assistance

14 Sep, 2023

 

IG Wealth Management Unveils Fresh Advisory Service for Canadian Business Owners: Private Company Assistance

 

IG Wealth Management, commonly referred to as IG, has made a significant announcement today. They are introducing the Private Company Advisory Business, which will operate under the umbrella of Investors Group Securities Inc. This novel service is tailored to provide comprehensive guidance to Canadian business proprietors. Spearheading this innovative venture is David Turnbull, who has assumed the role of Senior Vice President and Head of Private Company Advisory at IG.

It's noteworthy that approximately 76 percent of business owners in Canada have expressed their intention to sell their businesses within the next decade. This transition represents a colossal shift, involving the transfer of assets exceeding $2 trillion. IG is strategically positioning itself to seize this momentous opportunity by extending support to small and medium-sized business owners in navigating the intricacies of succession planning and more.

The specialized team within IG Private Company Advisory will collaborate closely with IG Wealth Management clients. Their primary objective is to offer guidance across various facets of business operations. This encompasses devising growth strategies, facilitating mergers and acquisitions, orchestrating divestitures, and assisting in the process of raising capital.

Damon Murchison, President and CEO of IG Wealth Management, emphasized their commitment to delivering holistic advice to clients, empowering them to optimize, safeguard, and leverage their wealth effectively. With the introduction of the Private Company Advisory service, IG aims to bridge the gap between personal financial planning and professional business endeavors. The goal is to assist business owners in managing the complexities involved in growing or divesting a business, thereby maximizing its overall value.

Murchison also expressed his excitement about this new phase of growth within the high-net-worth sector for the organization. He anticipates that IG Private Company Advisory, under the leadership of David Turnbull, will enhance their ability to serve business clients with even greater effectiveness, both today and in the future.

 

 


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