Financing

Learn all about our financing program for the acquisition of a book of business.

Objective

Acquiring a book of business can be a difficult task and is a critical step in a representative’s career. In order to facilitate the purchase of a book of business* from another Investia representative, a financing program is offered through iA Financial Group. This program provides favourable terms and conditions to meet your financing needs.

*The financing program is limited to the acquisition of mutual fund assets offered through Investia. Hereinafter, the term “book of business” refers exclusively to these mutual fund assets.

Program details

Required information and documents**

  • check_circlePurchase/sale agreement or transfer of clientele agreement signed by both parties.
  • check_circleA life insurance policy covering an amount that is at minimum equal to the loan amount is required and must be assigned/hypothecated in favour of “Industrial Alliance Insurance and Financial Services Inc.”.
  • check_circleSeveral insurance policies may be assigned/hypothecated as long as the total value of the policies covers the amount of the loan.
  • check_circleProof that taxes are up to date (individual and corporate, if applicable).
  • check_circleA credit check will be performed for each disbursement from the same loan agreement (an Equifax credit score of 700 or higher is required).

** For a complete list, please refer to the “List of required documents for a standard iA loan” document provided by your RVP

Procedure for the Representative-buyer/borrower

Speak with your regional VicePresident BEFORE submitting your request. You should also seek legal and taxation advice before acquiring a book of business.

  1. Complete the financing application;
  2. Forward the signed financing form as well as all required documentation to your RVP;
  3. A review of your financing application only begins once ALL the required documents have been submitted, and you may be asked to provide clarification or additional information;
    • Submit your application to your RVP at least six weeks before the closing date of the transaction (i.e., the disbursement date);
    • The loan agreement is prepared and approved based on your application and will be sent to you for electronic signature;
    • The loan is disbursed into your commission account or to another party, according to the payment instructions we have accepted;
  4. Forward the transfer of clientele instructions to investia.registration@investia.ca.

Important

Please note that the information provided on this page regarding the financing program is meant only for your guidance. It is not binding and in no way represents a formal offer or guarantee of financing. The rates, conditions and options for the financing program are subject to change at any time without notice.

Reference documents (links)