Proven Investments is to acquire Heritage Education Funds which is Canada's largest Registered Education Savings Plan company.
The deal will see Proven buying Heritage from the Knowledge First Foundation, the parent company of Knowledge First Financial.
Heritage specializes in administering and managing education savings plans (ESPs) for clients in the Bahamas, Bermuda, Jamaica, and the British Virgin Islands
It has enrolled more than 50,000 children in its plan since its inception in 1983 and oversees approximately US$150 million in assets under management.
Proven says it will help strengthen the Heritage business, by bringing in a respected, local and agile organization that knows the region and is committed to serving, investing in and growing the operations.
Already operating in three of the four main territories that Heritage services.
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