Check out what’s new at Experior Financial Group Inc.
Consolidation activity is continuing in the managing general agency channel. Experior Financial Group, an MGA headquartered in Guelph, Ontario, has announced that it will acquire “certain assets” of VFG Financial Group, an MGA based in Etobicoke, Ontario. VFG’s business will be merged into Experior.
Experior Financial Group is a midsized MGA with 10 employees and 400 advisors, nearly 300 of which place at least five policies per year with the firm. All advisors represent Experior exclusively. However the clientele belongs to them, and they may become the owner of their firm, and even acquire a share of the company. The Guelph-based MGA operates nine offices, including two associated general agents, in Ontario and British Columbia.
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