The Independent Order of Foresters is acquiring a U.S. distributor of life and investment products.
Foresters, Toronto, will be getting 100% of First Investors Consolidated Corp. (FICC), New York, according to FICC.
The deal includes FICC’s registered broker-dealer, its registered investment advisory firm, transfer agent and life insurance operations, FICC says.
The companies are not disclosing the price of the deal, but they say they hope to complete it by Dec. 31.
Completion of the deal is subject to approval by FICC fund shareholders and regulators in the United States and Canada.