Great-West Lifeco-backed Canada Life Assurance, an insurance and financial services company, agreed to acquire Investment Planning Counsel, an independent wealth management firm, from IGM Financial, a wealth and asset management company. Financial terms were not disclosed. “We are building on our strong Canadian franchise with a growing personal wealth business. This acquisition accelerates Canada Life’s vision to establish a leadership position in the Canadian independent advisor wealth market. The addition of IPC, a business we’ve had keen interest in for some time, positions Canada Life for strong organic growth and further investments in market consolidation that supports our strategy," Paul Mahon, Great-West Lifeco President and CEO.