Scotiabank
Wealth Management
Scotiabank Wealth Management
In
recent years, the Scotiabank Group has greatly enlarged its
capabilities in personal wealth management services. The Bank’s
aim is to provide the range of products and services to meet
the investment needs of customers through a wide network of
delivery channels. Wealth management products are today delivered
to customers by staff in a variety of locations, both directly
in the Bank and through its subsidiaries.
Scotiabank
Private Client Financial Services, the full-service retail
brokerage division of ScotiaMcLeod, has grown rapidly, with
the number of investment executives increasing by a third
over the past three years. The business produced revenues
in 1998 at the same level as 1997, despite weak customer activity
in the latter part of the year. In addition, the Bank’s
discount brokerage is one of the lowest cost non-advisory
retail brokerage firms in Canada.
The
Scotia Mutual Funds family, containing 27 individual mutual
funds, is available to investors at each of the Bank’s
Canadian branches through Scotia Securities. As well, a wide
array of other investment products are available through the
branch network, including “GICs with Guts”, the
Bank’s innovative GICs linked to stock indexes, a product
where the Bank is a market leader.
Scotiatrust
is now one of the largest trust businesses in Canada. The
Bank has a substantial number of skilled trust and investment
officers operating in 28 centres across Canada. Two acquisitions
(Montreal Trust in 1994 and National Trust in 1997) and significant
internal growth have contributed to the achievement of this
leadership position in the marketplace. Scotiabank’s
international trust companies are located in Bahamas, Cayman,
Jersey, and Hong Kong, and in a number of other locations
through subsidiaries and affiliates. They offer trust services
to private and institutional clients located outside Canada.
For
further information on Scotiabank Wealth Management visit
the Scotiabank Website.
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