PPI is announcing an exciting new relationship. We have entered into a Strategic Alliance Agreement, and acquired a 50% equity interest in the Financial Management Group of Companies (FM)

FM is one of the largest MGA’s in Canada, and is in the top 3 sales position with a number of companies in Canada, including Manulife, Empire, Equitable, Canada Life, Sun Life, BMO, TransAmerica and RBC Insurance. Combined, PPI and FM will be responsible for a significant share of both new and in force insurance premiums in Canada. This will give us the ability to work cooperatively with our insurance carriers to gain access to new products and services, developing electronic feeds for processing and servicing our business, and develop other unique synergies. In turn, this will enhance the quality and level of products and services we can provide to PPI Associates and their clients.

PPI is committed to continuing our concierge strategy to serve our Associates. We have become the recognized leader in providing products and services in the upscale life insurance market place and we intend to expand on this position. The new relationship with FM will allow us to continue this high touch, high value approach to the marketplace while allowing us to provide additional products to our existing Associates, and other significant agents through the FM Group of Companies across Canada.

When we began PPI Financial over 30 years ago, we believed that if we could provide agents with better consumer accountable products and services, these agents would become the key to delivering insurance products to clients across Canada.

History has proven our vision.

Today, our Associates have opened up new markets and served many thousands of Canada’s most sophisticated clients with consultative planning and customized products and services from PPI. With FM as a base, together with PPI’s proven ability in developing product and application specific sales ideas and software, we believe that we will assist many additional agents in servicing their clients with better product design and sales and marketing support.