Sell your insurance brokerage or wealth practice

Yes. RIBO By-law No. 3 requires the Principal Broker to notify RIBO within ten days of a material change in ownership, including share purchases, asset purchases and amalgamations. The current Principal Broker remains responsible until RIBO is told a successor has been appointed. Selling an insurance brokerage

A licensed brokerage must designate a principal broker, and it must report any change of directors, officers or partners, and any change of principal broker, to FSRA within five days.

Yes. Under CIRO Rule 2108, a dealer must obtain approval before any person acquires a significant equity interest, generally 10 percent or more, with the request filed at least 30 days before the change. The same approval applies to acquiring a substantial part of a dealer’s assets, including its book of business.

Brokerage consolidators acquiring books across Canada, private equity funds backing financial services platforms, regional brokerages adding clients and carriers, and licensed advisors acquiring a book of business. Retention of the book after closing is what each of them prices.

An Ontario mortgage brokerage must carry errors and omissions insurance of at least $500,000 for each occurrence and $1 million for all occurrences in any 365 day period.

Buyers assess commission income by line and carrier, the renewal share of that income and retention over several years. InvestDeal prepares that analysis before buyers are introduced and provides a free AI valuation as the starting point. AI valuation

In Ontario, employees the buyer keeps are treated as continuously employed, so their prior service carries over, provided they are rehired within 13 weeks. Individual licences belong to each broker or agent, so the buyer confirms that every producer it retains is licensed under the new firm. What happens to your employees