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(George Doyle/Getty Images)

3Macs buys three Desjardins branches

Montreal-based wealth management firm MacDougall, MacDougall & MacTier Inc., otherwise known as 3Macs, is buying three branches of Desjardins Securities in a bid to expand its presence in Ontario.

Terms of the deal were not disclosed.

As per today’s agreement, 3Macs acquires Desjardins’ branches in downtown Toronto, York Mills and Peterborough, including their employees and clients, and gives 3Macs advisers access to Desjardins’ wealth management products.