Standard Life was founded in Edinburgh, Scotland in 1825, however, it made its way into the Canadian marketplace in 1833 and operates as an investment, retirement and financial protection company. At the present, it employs more than 2,000 people throughout Canada and is headquartered in Montreal Quebec. As of December 31, 2013, Standard Life had about $48 billion CDN in assets under management and provided financial services and products to more than 1.4 million individuals. The Canadian operations of Standard Life were acquired by Manulife on January 30, 2015. Furthermore, on July 1, 2015, the policies and plans of Standard Life were assumed by Manulife.