Life & Health Insurance M&A » By The Online Investor Staff, updated Fri., Feb. 3, 12:09 PM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
| This Slide: #47 of 57 |
Slide #47. Manulife Financial — Wellington West Financial Services
Acquirer:
Manulife Financial (NYSE:MFC)
Acquiree:
Wellington West Financial Services
Details:
Manulife Financial today announced that it has completed its previously announced acquisition of independent financial planning firm Wellington West Financial Services Inc., a division of Wellington West Holdings Inc., and a dealership registered with the Mutual Funds Dealers Association (MFDA), from National Bank. The completed acquisition adds 39 financial advisors and approximately $900 million in assets under administration to Manulife Financial's Canadian dealer, Manulife Securities, to create a team of over 1,250 independent advisors with $21 billion in assets under administration.
Manulife Financial is a holding company. Through its subsidiaries, Co. is a life insurance company. Co.'s four operating segments are: Asia, which includes a range of health, protection, savings, medical, term and whole life products; Canada, which provides life, health, disability and specialty products, such as mortgage creditor and travel insurance; U.S., which provides a range of life insurance products, insurance-based wealth accumulation products, and has an in-force long-term care insurance business and an in-force annuity business; and Global Wealth and Asset Management, which provides investment advice and solutions to retirement, retail and institutional clients.
Open the MFC Page at The Online Investor »
|
||||||||||||||||||||||||
Open the MFC Page at The Online Investor (in a new window) »
 Free MFC Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
 
|
Buy (2.62 out of 4) 8th percentile
(ranked lower than approx. 92% of all stocks covered)
Analysts' Target Price: MFC Stock Forecast Based on Zacks ABR data; powered by Xignite |
