Scotia Wealth Management

Office address: 44 King St West, Toronto ON M5H 1H1 (Scotiabank head office) 
Year established: 1832 (parent company Scotiabank) 
Company type: wealth management, financial services 
Employees: 90,000 (parent company Scotiabank) 
Expertise: wealth management 
Parent company: Scotiabank 
CEO and key people: Jacqui Allard, Group Head for Global Wealth Management 
Financing status: - 

Scotia Wealth Management offers a diverse suite of wealth management solutions especially for high-net-worth individuals and families. It is the wealth management arm of Scotiabank, one of Canada’s most established financial institutions.   

History of Scotia Wealth Management 

Scotia Wealth Management, part of the Scotiabank group, has established itself as a comprehensive provider of investment and wealth solution services. The division includes ScotiaMcLeod®, Private Investment Counsel, Private Banking, Scotiatrust®, Total Wealth Planning, and other wealth solutions.  

Its parent company was formed in Halifax by a group of businessmen to fill the need for a public bank. It was called the Bank of Nova Scotia when it was launched in 1832; it expanded rapidly in the years that followed. In 1961, the bank used the name Scotiabank and somehow, that monicker has stuck. The bank’s official name is still the Bank of Nova Scotia. 

Products and Services of Scotia Wealth Management 

Some of Scotia Wealth Management’s diverse products and services include: 

  • investment management: customized portfolio development to meet individual objectives  
  • Private Banking: personalized services that include a private banker, a concierge service, and other top-tier banking solutions 
  • Scotiatrust®: specialized services for estate and legacy planning, among others 
  • Total Wealth Planning: comprehensive planning addressing family, business, and future needs 
  • The Scotiabank Women Initiative™: a program to support and advance businesses led by women leaders 

Culture at Scotia Wealth Management 

Scotia Wealth Management, under the umbrella of Scotiabank, fosters an inclusive and high-performing culture. The bank invests in building leaders and creating an environment where employees are encouraged to bring their whole selves to work. Diversity and inclusion are key pillars, with Employee Resource Groups (ERGs) fostering a culture of inclusion. 

 About Scotiabank Group Head for Global Wealth Management Jacqui Allard 

Jacqui Allard joined Scotia Wealth Management in September 2023 and assumed the role of Group Head shortly afterwards.  

Allard brings extensive experience from her tenure at the Royal Bank of Canada, Manulife, and other financial institutions. Recognized as one of “Canada’s Top 100 Most Powerful Women,” she plays a pivotal role in leading Global Wealth Management’s business and strategy. 

Aside from her role at Scotia Wealth Management, Allard is also a volunteer with the CAMH Foundation, which advocates for mental health research.   

Future at Scotia Wealth Management 

Scotia Wealth Management, with its innovative and comprehensive approach, is on track continued growth in the global financial scene. Its commitment to personalized wealth management solutions, combined with Scotiabank's global reach and resources, positions it well to meet the future needs of its diverse clientele. 

Top Female Financial Advisors in Canada | Top 50 Leading Women in Wealth 2023

WPC’s Top 50 Leading Women in Wealth 2023 showcases female advisors who have stood as trusted partners for their clients and led by example across the industry

How advisors can optimize clients' charitable giving

Charitable sector is begging for change and trusted professionals can play their part

Rising Stars 2022

Wealth Professional recognises the most outstanding up-and-comers in the Canadian wealth space

Raymond James names new Canadian wealth business head

New head of wealth management in Canada comes in with record of industry leadership and business education

Gilchrist steps down as head of ScotiaMcLeod - reports

Executive to take up new position at the bank’s Global Family Office Group

Raymond James appoints leader for Canadian wealth division

Scott Hudson has more than 25 years of experience in the wealth management industry

A value creation mindset

From professional sportsman to financial advisor: how one professional is using his experience to help peers

Ambitious advisory firm in new acquisition

Winnipeg-based company makes first move into investment counsel side of industry

Is now a good time to load up on the loonie?

Currency traders believe the Canadian dollar has some growth room

Loonie vies for currency crown ahead of BoC decision

With traders pricing in no rate cut but a Fed decrease, Canadian assets are looking more attractive