“We see this acquisition as complementary to our current financial services offerings, and an opportunity to widen our presence in the wealth management space throughout the Caribbean, said Johann Heaven, Head of Banking and Wealth at Proven.
Proven Investments Limited has announced an agreement with the parent company of Canada s largest Registered Education Savings Plan (RESP) firm to purchase 100 per cent interest in Heritage Education Funds International Inc. (Heritage).
Proven on Thursday, said it entered into an agreement with Knowledge First Foundation, the parent company of Knowledge First Financial Inc.
Heritage specialises in administering and managing education savings plans (ESPs) for clients in the Bahamas, Bermuda, Jamaica, and the British Virgin Islands and has enrolled over 50,000 children in its plan since its inception in 1983, It oversees approximately US$150 million in assets under management.