Mr. Stephan Bourbonnais reports

IA FINANCIAL GROUP ANNOUNCES THE ACQUISITION OF ASSETS OF LAURENTIAN BANK SECURITIES' RETAIL FULL-SERVICE INVESTMENT BROKER DIVISION

iA Financial Corp. Inc. has entered into an agreement, through its subsidiary iA Private Wealth Inc. (iAPW), to acquire assets of the retail full-service investment broker division of Laurentian Bank Securities Inc. (LBS).

LBS's retail full-service broker division represents over $2-billion in assets under administration. Approximately 16,000 client accounts will be transferred to iAPW upon completion of the transaction and approximately 30 advisers are invited to join iAPW afterward.

"iA Private Wealth is a leading independent wealth manager in Canada with a deep and committed focus on supporting advisers in delivering the highest standards of professional financial advice," said Stephan Bourbonnais, executive vice-president, wealth management, at iA Financial, and president and chief executive officer of iAPW. "This acquisition will support iA Private Wealth's strong growth and expand its presence. We look forward to welcoming these new advisers and helping them continue to secure their clients' financial future with confidence."

This acquisition, the amount of which is not disclosed, will have only a marginal impact on iA Financial's solvency ratio.

The closing date of the transaction is expected to be this summer, subject to, among other things, receipt of the necessary regulatory approvals.

About iA Financial Corp. Inc.

iA Financial is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares) and IAF (preferred shares).

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