Investment Planning Counsel Inc. (IPC), a subsidiary of Canada Life, has closed its acquisition of the wealth assets of De Thomas Wealth Management Corp.
According to a press release, the acquisition adds $2.8B to IPC’s assets under administration, bringing its total to more than $43B, and adds 35 advisors to its nationwide advisory network. For De Thomas, the transaction will enable the firm to continue scaling and expanding its business to better serve clients. Access to IPC One — IPC’s technology-enabled business platform for discretionary portfolio management — along with high-net-worth investment solutions and IPC’s approach to advisor succession planning, were among the key factors driving the transaction.
The agreement for IPC to acquire De Thomas’ wealth assets was announced in July 2025. The deal reflects IPC’s continued growth in the independent wealth dealer space and underscores its strategic position as a premier destination for entrepreneurial advisors in Canada. With the backing of Canada Life, IPC continues to invest in advisor technology, business platforms, and specialized expertise.
“Today’s closing marks a major milestone in what has been a very exciting journey,” said John Novachis, executive vice-president of advisor growth and succession at IPC, in the release. “IPC and De Thomas share common values—a strong entrepreneurial spirit grounded in our commitment to client-first advice.”
