Stephen Jarislowsky of Jarislowsky Fraser is part of this year's Wealth Professional Canada's Hot List.
At age 92, Stephen Jarislowsky remains one of Canada’s most revered investors and a powerful force in wealth management. In February, he made the decision to sell the company he founded in 1955 to Scotiabank for $950 million. The deal considerably enhanced Scotia’s presence in the institutional and high-net-worth space, adding more than $40 billion in assets under management. The terms also laid out that Jarislowsky Fraser would retain its name and investment autonomy, allowing its founder to ensure that the investment ethos he built the company on is maintained under new ownership. That likely means there’s no prospect of retirement on the horizon for the 63-year veteran, but the industry is much better off for it.