Canada Life launches IPC Wealth, strengthening its position in Canadian wealth management

Amalgamation combines the expertise of IPC and Quadrus backed by the scale, capital, and support of one of Canada’s largest financial institutions

TORONTO, ON, October 1, 2026 – Today, Canada Life announced the launch of IPC Wealth Inc. (IPC Wealth), bringing together, through amalgamation, the strengths of IPC Investment Corporation (IPC) and Quadrus Investment Services Ltd. (Quadrus) as one national mutual fund dealer with more than 2,500 licensed advisors across Canada.

The amalgamation represents an important step in Canada Life’s strategy to grow its wealth management business and further strengthen its value proposition to advisors and clients. As one of the largest financial institutions in the country, Canada Life has brought IPC and Quadrus together as IPC Wealth to create a leading national wealth platform that will give advisors more choice, more support, and better technology, so they can spend more time serving clients and growing their businesses.

“Canada Life believes strongly in the value of advice,” said Blaine Shewchuk, Executive Vice-President, Wealth & Advice, Canada Life. “IPC Wealth is about creating a leading wealth platform for entrepreneurial advisors in Canada, with the scale to invest, the flexibility advisors want, and the technology their clients increasingly expect.”

One of the key strengths of IPC Wealth is that it maintains the entrepreneurial culture advisors value while providing a full-service platform. Through IPC Wealth and its affiliates, Canadians will have access to leading securities, mutual funds, segregated funds, and protection products.

A plan for the future

The launch of IPC Wealth marks an important milestone as part of the company’s ambition to become a leading wealth platform for entrepreneurial advisors in Canada. It demonstrates Canada Life’s strategic focus on wealth management and independent advice. A stronger national platform gives Canada Life a better foundation to invest, attract and retain entrepreneurial advisors, and grow its wealth business.

Backing Advisors who help build Canada

IPC Wealth is a place where advisors have the flexibility and support to build their business while focusing on the families and communities they serve.

“Our advisors play an important role in helping Canadians achieve their financial goals,” said Shewchuk. “Every day, they help families buy homes, save for education, build businesses, prepare for retirement, and navigate life's uncertainties. By helping Canadians make informed financial decisions, they contribute to stronger families, communities, and a more resilient economy.”

About IPC Wealth Inc.

As part of Canada Life, IPC Wealth Inc. is a leading destination for independent, entrepreneurial advisors in Canada. IPC Wealth Inc. brings together the strengths of two established Canadian mutual fund dealers: IPC Investment Corporation and Quadrus Investment Services Ltd. Together, they bring more than 50 years of combined experience supporting advisors and helping Canadians achieve their financial goals. With over $141 billion in assets under administration as of Aug. 31, 2026, IPC Wealth Inc. combines scale, expertise and focused support to help advisors deliver for their clients. Visit ipcwealth.caOpens a new website in a new windowOpens a new website in a new window to learn more.

About Canada Life

Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical, and mental well-being of Canadians. For over 175 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we've made. We proudly serve more than 14 million customer relationships from coast to coast. Canada Life is a subsidiary of Great-West Lifeco Inc. and a member of the Power Corporation of Canada group of companies. Visit canadalife.com to learn more.

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