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Scotiabank looking to sell independent advising firm HollisWealth Add to ...

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Bank of Nova Scotia is in talks to sell HollisWealth, an independent adviser network, as the wealth-management industry faces slowing growth and greater regulatory pressure, sources say.

Quebec City-based Industrial Alliance Insurance and Financial Services Inc. is the front-runner to buy the business, those people said. It isn’t clear how much Industrial Alliance is offering for the asset or if the process will result in a definitive sale.

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