Eckler Ltd. is acquiring independent financial wellness company Employee Financial Well-being.

Since 2011, Employee Financial Well-Being has provided financial education and training to employees across Canada

In a press release, Eckler said there’s a need to increase unbiased education as Canadians are presented with benefits that require them to make decisions. “Eckler’s acquisition of EFW is another meaningful commitment to help Canadians improve their financial security,” said Janice Holman, principal and leader of the defined contribution and financial wellness practices at Eckler, in the release.

Read: Editorial: Getting financially schooled 

“While Eckler’s roots are in helping Canadians secure retirement income, we’ve recognized that in today’s consumption-based world, teaching Canadians the foundation of money management is key to help them achieve the lifestyle they want, both today and in retirement.”

“Eckler is a perfect fit for the types of services EFW offers,” says 

Frank Wiginton, chief executive officer at Employee Financial Well-Being, said Eckler is a perfect fit for the types of services offered by his organization. “EFW has prided itself on its ability to engage and educate members from a holistic perspective, the same approach Eckler takes with its service offerings,” he said.

“It is equally important that Eckler engages clients without any biases or conflicts — a philosophy EFW has embraced since we opened our doors. We look forward to leveraging Eckler’s deep retirement, benefits and communications expertise to nationally broaden our leading financial education.”

Read: Beware the legal risks of providing financial advice to staff 

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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