RBC Wealth Management has been recognized as the sixth largest wealth managers in the world, in Scorpio Partnership’s annual survey of the global wealth industry. RBC Wealth Management improved from its seventh place ranking in last year’s Scorpio Partnership Global Private Banking KPI Benchmark. Assets under management were US$435 billion, up 15% from the previous […]
Entrepreneurs are the lifeblood of the economy, creating businesses, jobs and economic activity from scratch through a combination of hard work and ingenuity. But too often the companies they start and the jobs they create are at risk of destruction, if the entrepreneur is not properly insured. Key person insurance represents both potential sales growth […]
Unlike their counterparts in the U.S. and elsewhere, Canadian HNW investors are seen by experts as a disciplined lot, with a tighter grip on their emotions when it comes to investing decisions. According to a new study by Barclays Wealth, based upon a survey of 2,000 wealthy people in 20 countries around the globe, the […]
Scotia Private Client Group has entered into a strategic partnership with HNW investor group TIGER 21, allowing members access to the firm’s Total Wealth Credit Solution. The program allows members to consolidate different investment holdings as collateral for a single investment line of credit. “We feel that Scotia Private Client Group and their Total Wealth […]
BMO Harris Private Banking today released the results of a comprehensive study showing that nearly one-third (30%) of high-net-worth Canadians—those with investable assets of $1 million or more—are new Canadians (those born outside of Canada). The study, conducted by Harris Decima, also revealed that almost all (96%) affluent new Canadians keep most of their wealth […]
Clients often approach their investment advisors for help with a quick question. Most often it relates to an investment opportunity, but more and more clients are asking about taxes or estate planning. While it may be tempting to provide a quick answer and move on, there comes a time when it’s beneficial to draw on the expertise of other professionals.
A recent SEI Wealth Insight Initiative roundtable suggests that fear of negative outcomes and a lack of confidence in heirs are two of the biggest barriers to families sustaining and growing wealth over time. The roundtable gathered small groups of wealthy families—those with more than $5 million in investable assets—to discuss their experiences and offer […]
Macquarie Private Wealth has announced the departure of CEO Bruce Kagan, following “a great run” at Macquarie and its predecessor firm, Blackmont. The firm says Kagan was satisfied with the integration of Blackmont into Macquarie, and with that process completed, was moving on. Kagan has been succeeded by Earl Evans, who until now has been […]
The boomer generation made a huge impact on the Canadian economy, not just because of its size, but because of its entrepreneurial spirit. As boomers head into retirement, they need help in succession planning and many don’t know where to start. To fill that gap, Rogers Publishing has launched Canadian Capital and Capitalmagazine.ca, which shows […]
Sprott Inc. has named David Franklin CEO of Sprott Private Wealth LP, a business unit of the company that provides wealth management services to high net worth individuals, foundations and trusts. “Since joining our organization in 2008, David has been a key contributor in his role as market strategist, conducting macro-economic analysis to help guide […]