Combination marks a new chapter for Park Place Financial, deepening its asset management and ultra-high-net-worth capabilities while bringing its full suite of services to the Ottawa market

OTTAWA, ON, Nov. 10, 2026 /CNW/ -- Park Place Financial announced today its merger with Ottawa-based IP Private Wealth. Together, the firms now manage approximately $1.5 billion in the private client space, creating a stronger regional presence built on continuity, scale and a shared commitment to comprehensive planning. 

With offices now in Ottawa, Kingston, Belleville, Peterborough and Toronto, the merger represents a new chapter for Park Place Financial. With more than 60 staff members across five Ontario locations, the firm now has greater scale and depth to serve clients across the region. The merger strengthens the firm's asset management capabilities and expands its reach in the ultra-high-net-worth market, while giving Ottawa-area clients access to the full range of Park Place Financial offerings for the first time.

"IP Private Wealth and Park Place Financial share the same values and the same belief that great advice starts with deep, thoughtful planning," said Mike D'Alessandro, CEO of Park Place Financial. "This is about continuity for the clients and families IP Private Wealth has served so well, and about the scale and depth we can now bring to them. We are excited to bring everything Park Place Financial offers to the Ottawa marketplace."

A planning-led approach

The combined firm is built around four principles that guide every client relationship:

• Multidisciplinary expertise: investment, tax, estate, benefits and organizational specialists working together on each client's needs.
• Open architecture: access to a broad range of investment solutions, selected for the client rather than the product shelf.
• One client agenda: a single, coordinated plan that connects a client's personal and family wealth, their business and their people. 
• A deep personal relationship: long-term, trusted advisors who know each client and family well.

Expanding services in Ottawa

The combination brings Park Place Financial's integrated offering to Ottawa, including:

• Asset management, private client investment and financial planning
• Family office services for families of significant wealth, including succession and continuity planning
• Employee benefits and group retirement solutions, building on a base of approximately 1,000 group clients
• Human resources and organizational development consulting for benefits clients
• Farm Life Financial, providing specialized succession and financial planning for farm families throughout the Ottawa Valley and surrounding areas

"With our continued focus on "in search of excellence", we are pleased to announce that we will be strategically joining with Park Place Financial. This combination will bring together two highly aligned organizations under a single ownership group, comprising long‑standing professionals from both IPIC and Park Place." Said Richard Kluska CEO of IPIC/IP Private Wealth.

IP Private Wealth clients will continue to work with the advisors and team members they know, now supported by the broader resources of Park Place Financial.

Park Place Financial — your financial world, working as one.

About Park Place Financial
Park Place Financial is a multi-subsidiary financial services organization. The firm provides asset management, investment and financial planning advice, group benefits and retirement solutions, human resources consulting and multi-family office services to individuals, families and businesses. [Peterborough, ON www.ppfgroup.ca]

About IP Private Wealth
Over twenty-five years ago, IP Private Wealth ("IPPW") was founded to deliver integrated planning and wealth management services tailored to the needs of entrepreneurial families. Since inception, the IPPW team has executed a long-term strategic plan designed to help our clients achieve both personal and corporate objectives. Throughout these twenty-five years, IPPW has continually evolved and expanded its capabilities focused on Strategic Wealth Management and a comprehensive, fiduciary investment platform focused on clients with complex financial and entrepreneurial needs.

Forward-looking statements
This release may contain forward-looking statements about the combined firm's plans and expected growth. These statements reflect current expectations and are subject to risks and uncertainties; actual results may differ.

SOURCE Park Place Financial