One of the higher profile financial planning firms in the area has gone bankrupt.
Reeves Financial Services has filed to bankruptcy leaving almost 420 thousand dollars in debts and listing about 27 thousand dollars in assets.
The firm at one time listed offices in Hamilton, Burlington, Kitchener and Toronto.
There’s no indication that owner Scott Reeves has filed for personal bankruptcy.
The Financial Services Commission of Ontario says people who bought insurance through Reeves Financial should check with the insurance company issuing the policy to be sure their coverage is unaffected.
It adds if they placed investments through Reeves, they should seek legal advice.