BURLINGTON, ON, June 4, 2012 /CNW/ - Aligned Capital Distribution Inc. ("Aligned Capital") announced today that it has acquired all of the issued and outstanding shares of Money Managers Inc. ("MMI"), which has been an independent investment dealer since 1999. It offers a wide range of wealth management products to retail clients in Ontario. As a result of the acquisition, the name of MMI has been changed to "Aligned Capital Partners Inc."
"The acquisition of MMI by Aligned Capital is a significant milestone as it allows us to build on a strong base of business and gives us the opportunity to offer Canada's advisors a unique business model and a client centric product and service firm in which they can grow their practice" said Michael Greer, a Managing Director of Aligned Capital Partners Inc.
Chris Enright, another Managing Director at Aligned Capital Partners Inc., also noted that "The transaction builds on the strengths of MMI by having Frank Konopaski continue as a member of the company's board of directors and Michael Konopaski continue to act as the company's Chief Financial Officer and interim Chief Compliance Officer. We look forward to working closely with both individuals in the future."
"Partnering with Aligned Capital and its management team's vast experience in the distribution of financial products through independent advisors was a natural fit for MMI", noted Franklin Konopaski, the former President of MMI, who in addition to continuing to act as a member of the company's board of directors will also help guide the company's newly created advisory council.
About Aligned Capital Partners Inc.
Aligned Capital Partners Inc is an investment dealer providing a broad range of investment and wealth management products to clients in Ontario. Aligned Capital Partners Inc. is a member of the Investment Industry Regulatory Organization of Canada and is a member of the Canadian Investor Protection Fund.