Canadian Wealth Management Industry: Past, Present, and Future (Updated 2022)
In Canada, the use of the term “wealth management” in the financial services industry took off in the early 1990s.
Today, wealth management is the largest growth component of most Canadian financial institutions. We only need to look at 2021 and 2022 Q1 earnings reports to see that the wealth management divisions of Canadian banks and mutual fund companies are primary drivers of their high revenues.