Deal creates integrated medical and financial platform as advisors eye growing specialization trend
FDP Private Wealth Management has taken a majority ownership position in MultiD, a move that underscores the accelerating push toward integrated financial and practice-management solutions for physicians in Quebec.
The transaction formalizes a long-standing collaboration between the two firms and reflects a broader strategy to serve doctors through a single, coordinated platform that spans both personal wealth and the operational realities of running a medical practice. The deal highlights how specialization and vertical integration are becoming central to serving professional clients with complex needs.
By bringing MultiD under its control, FDP expands beyond traditional wealth management into areas such as medical billing, accounting, tax planning and incorporation support. MultiD has been providing these services to physicians for decades, and the acquisition is intended to align that expertise more closely with FDP’s financial planning and investment capabilities.
“This acquisition is a natural evolution of our partnership. It enables us to build the integrated solution physicians need to manage both their practice and their financial future. Our goal is to offer a consolidated, coherent solution that gives them clarity and precious time back in an increasingly complex environment,” said André Sirard, president and chief executive officer of FDP Private Wealth Management.
From MultiD’s perspective, the transaction is positioned as a way to broaden access to a more complete service model without disrupting existing client relationships. The firm will continue to operate under its current brand, with no changes to client contacts or service delivery.
“With this integration, fdp Private Wealth Management and MultiD are delivering a truly unique medical-finance solution: personalized financial planning, medical billing, tax and fiscal services, and investment management. This combination of expertise now enables all physicians in Quebec to benefit from continuous support tailored to every stage of their professional life -- from early practice to growth, transitions, and retirement. And we are doing so with full continuity: services, points of contact, and the overall experience remain unchanged as well as the MultiD brand are maintained to preserve the identity and expertise that define who we are,” said Daniel Bouchard, president and general manager of MultiD.
The deal is another signal that high-net-worth professionals increasingly expect holistic advice that goes well beyond portfolio construction. As physician finances become more intertwined with corporate structures, tax planning and practice management, firms that can deliver integrated solutions may gain a competitive edge in attracting and retaining these clients.
Founded in 1978, FDP Private Wealth Management was originally created to serve medical specialists and has maintained a strong focus on that market. MultiD, established in 1969, has built its business around supporting physicians with the administrative and fiscal aspects of their practices. Together, the firms are betting that deeper integration will meet rising demand for specialized, end-to-end advice in a complex healthcare and financial environment.
