Manulife Financial is acquiring the financial planning firm Wellington West Financial Services from National Bank Financial Group for an undisclosed amount.

The deal will add 39 financial advisors and some $900 million in assets under administration to Manulife's Canadian securities dealer, Manulife Securities, creating a team of around 1,250 independent advisors with $20 billion in assets under administration.

Wellington West Financial Services is a dealership registered with the Mutual Funds Dealers Association. It provides services via its network of financial advisors in British Columbia, Alberta, Manitoba and Ontario.

Manulife Securities’ advisors provide financial planning and investment management services to individuals, families and business owners.

Closing is expected to take place in the final quarter 2012 and remains subject to regulatory approval.