Greatest Wealth Administration Companies to Work for in Canada | High Employers

Hays Specialist Recruitment Canada works with wealth administration corporations to seek out candidates. President Travis O’Rourke believes the highest corporations set themselves aside in a elementary manner. 

“The easy reply is cash,” he says. “At entry-level wealth administration, you must have a excessive base wage, particularly for people who find themselves residing in main cities the place the price of residing is excessive. The expertise tends to encompass large markets.” 

In accordance with a report from Randstad, a worldwide recruiting and staffing company, a aggressive salary-and-benefits bundle is, unsurprisingly, a high issue for 71 p.c of Canadians. Work-life stability is valued virtually as extremely, with 69 p.c of respondents score it an necessary side of their job. 

This echoes WPC’s survey the place worker respondents gave the next scores: “I’m happy with the versatile work choices supplied by my group” with 4.4 out of 5, and “I’m happy with the tradition of my office” with 4.4.

A report revealed by Statistics Canada in January 2024 exhibits: 

• The share of Canadians often working from residence has risen sharply for the reason that mid-2010s, rising from 7.1 p.c in Might 2016 to 24.3 p.c in Might 2021. It was 20.1 p.c in Might 2023. 
  
   

• Thirty-nine p.c of Canadian jobs could possibly be carried out at residence, with the finance and insurance coverage trade having the very best quantity at 85.3 p.c.

Whereas work-life stability is necessary, there are different main issues. 

“Working from residence, or flexibility, is essential to many individuals, however if you wish to get to the highest of the group, you’re not going to get there if that’s necessary to you,” feedback O’Rourke, who additionally believes incorporating a full profit bundle just isn’t sufficient by itself. 

“Organizations which might be standing out are offering very massive expense accounts or the flexibility to expense important values,” he provides. “Offering gymnasium membership and help for bodily and psychological well being could be essential. Premier advantages packages that transcend the standard dental and medical is an efficient method to stand out.   

“There are different perks, resembling permitting folks to journey enterprise class somewhat than financial system or staying on the Marriott or 4 Seasons,” he says.

“It’s large for retaining expertise, as a result of in case you’re making a lot of cash, your well being is roofed, your loved ones has the identical sort of bundle. You’re flying enterprise class, you’re staying on the 4 Seasons after which if a recruiter like me calls you, life sounds fairly good, so it’s a threat to go away that behind.”

 

A dedication to accountable funding methods and fostering a successful tradition has earned plaudits for the agency. 

Avenue Dwelling is a vertically built-in real-estate proprietor and operator with over $6 billion in AUM. The agency acquires, repositions, and actively manages actual property property throughout Canada and the US, together with: 

Avenue Dwelling’s ethos of “investing within the on a regular basis” drives its asset administration technique and positions the agency as a accountable steward of capital.  

 

Centurion is a number one asset administration firm that gives buyers a rising portfolio of:

• non-public funding merchandise
  
   

• company financing 
  
   

• mortgage financing 
  
   

• multi-residential residences
  
   

• scholar housing communities 
  
   

The agency had an over $7 billion AUM in November 2023, which highlights its large development over the previous decade. 

“Once I began with the corporate 12 years in the past, we had perhaps 50 workers and about $350 million in property below administration, and we have been solely working in Ontario,” says vp of human capital, Laura Salvatore. “Since then, we’ve expanded as now we have near 400 workers, and we’re all throughout Canada.” 

 

International X has a wealthy historical past as being one of many first exchange-traded fund (ETF) suppliers in Canada. At the moment, it’s the fourth largest amongst an more and more crowded subject of greater than 40, as its AUM is $34 billion throughout over 125 ETFs.  

In 2011, the agency was acquired by South Korean firm Mirae Asset International Investments, one of many world’s largest asset managers, which manages greater than CAD$800 billion in property throughout 19 nations and markets. Since its acquisition, the corporate has grown quickly, with property rising ninefold since 2011. 

In Might 2024, the corporate rebranded from its unique title, Horizons ETFs, to International X, in alignment with the worldwide model owned by Mirae Asset.  

 

Business knowledgeable O’Rourke explains that office tradition varies throughout the wealth administration sector. 

“The cutthroat, dog-eat-dog, aggressive gross sales flooring tradition is what most individuals would count on, however the actuality is you see a work-hard-and-play-hard kind of tradition,” he feedback. 

“It may be much more laid again, particularly with Gen Z approaching board. However you then’ve received managing administrators who say, ‘It’s at all times labored like this, it nonetheless works like this now, and I’m not altering it,’ and that tradition exists in lots of locations.” 

Avenue Dwelling has opted to comply with a extra modern mannequin with a collegial tradition. 

“We’ve got fostered an surroundings the place individuals are desirous to collaborate, take calculated dangers, and drive outcomes for our residents, prospects, and buyers,” says chief communications and advertising officer, Tammy Cho

The agency underscores the significance of attracting workers who adapt to market surroundings and exterior components.   

“Our workers have grit, tenacity, and a willingness to be taught. Not solely do we provide significant and difficult work to make sure group members really feel a way of function and belonging, however we persistently reward our high performers with recognition and profession development,” she says.

“We worth ongoing schooling to help workers to be the perfect within the enterprise”

Tammy ChoAvenue Dwelling

The bedrock of Centurion’s tradition lies within the acronym, RISE, which stands for:  

• Respect 
  
   

• Integrity
  
   

• Simplicity 
  
   

• Excellence
  
   

“We need to ensure that everybody feels revered within the office,” provides Salvatore.  

“We’ve got an open-door coverage, not a number of hierarchy or purple tape, which permits us to be very agile. We’ve got a bonus over our rivals as a result of we will transfer so shortly, make selections and implement adjustments so shortly. That’s how we’ve been in a position to be so profitable, and that’s what our workers respect about us.” 

International X’s wealthy tradition is emboldened by its ‘3Ps’ launched by president and CEO Rohit Mehta in April 2023. These are: 

“Our tradition of excessive efficiency ensures each group member is motivated and aligned with our targets,” says head of individuals and tradition, Jane Vucevic. “Leveraging information analytics permits us to make knowledgeable selections and optimize our operations. This agility allows us to remain forward of the competitors and tailor methods to fulfill evolving wants. We need to ship distinctive funding experiences and revolutionary merchandise for Canadians, by Canadians.”

 

Avenue Dwelling presents a sturdy program and quite a lot of complete plans that embrace:  

Like a profitable sports activities group, the agency invests in worker coaching and expertise improvement. 

“We take satisfaction in having each depth and breadth of expertise throughout our cross-functional and adaptive workforce,” says Cho. 

The corporate continuously subsidizes worker studying within the following areas: 

• persevering with schooling programs throughout quite a lot of trades and disciplines  





• certifications and designations 
  
   

• govt MBAs
  
   

• management coaching packages
  
   

• govt teaching and mentorship
  
   

• specialised coaching with exterior events
  
   

“Investing within the development and improvement of our folks is a cornerstone of our retention technique. We offer structured profession path improvement, expertise improvement, and focused group coaching periods,” shares Cho. 

“We rigorously analysis revolutionary companions to coach our groups, push our boundaries, and constantly enhance. For instance, we beforehand engaged with a worldwide coaching institute to boost our service framework and guarantee our subject groups present an distinctive buyer expertise with each interplay. 

“This yr, we’re partnering with an award-winning, science-based coaching program and specializing in the impression of transformational management to propel our performance-based tradition.”  

Whereas Centurion focuses on bettering well being and wellness amongst workers via technological and holistic initiatives resembling: 

“We at all times attempt to verify our workers are blissful, as a result of when you’ve got that, all the things else will comply with go well with”

Laura SalvatoreCenturion Asset Administration

“We relaunched our studying and improvement program, Centurion Studying Academy, this yr. Previous to that, we had a smaller platform. Now, it’s bigger, giving workers entry to hundreds of programs they’ll full on their very own time,” feedback Salvatore. 

“Each quarter, now we have a wellness problem that’s totally voluntary, however workers can join they usually get an opportunity to win the most recent health know-how. We’ve got strolling, wholesome consuming, and mindfulness challenges, to attempt to get workers to give attention to their well-being.” 

On high of well being and dental protection, a brand new healthcare spending account has been launched. 

“If it’s necessary for you, you may go for massages often from a physio and an osteopath. You’ll be able to take this healthcare spending account and direct it towards precisely what providers you and your loved ones want. Workers have the autonomy to direct these funds for themselves,” she says.

The agency additionally presents hybrid work, enabling workers to do business from home two days every week.  

International X leverages its advantages program to teach and upskill workers, which garners continued success, whereas guaranteeing their psychological and bodily well-being is bettering. 

“We provide an employer-paid complete program that’s reviewed in opposition to trade requirements periodically to make sure our choices stay aggressive,” reveals Vucevic. 

That features: 

• Enhanced Maternity Depart Advantages: Along with statutory maternity depart funds, workers obtain supplementary pay to make sure a extra complete revenue throughout their depart interval.





• In depth Worker Help Program: Entry to a complete vary of psychological well being professionals, together with counsellors, therapists, psychologists, and social employees. 
  
   

• Discounted gymnasium memberships: In addition to an on-site gymnasium, providing quite a lot of health lessons and wellness packages, each on-site and thru gymnasium partnerships.  
  
   

“By setting clear objectives and celebrating achievements, we foster an surroundings the place everybody can thrive”

Jane VucevicInternational X Investments Canada Inc.

The agency additionally presents a hybrid work program with three days within the workplace per week. 

International X allocates three examine days yearly so workers can additional their profession and likewise presents the next initiatives: 

• Management Growth Program
  
   

• Reimbursement for Exterior Upskilling 
  
   

• ETF College 
  
   

• New Expertise Coaching 
  
   

“We acknowledge the significance {of professional} improvement and persevering with schooling. Our reimbursement program helps workers who pursue related programs, certifications, or levels,” provides Vucevic.

 

Creating a piece surroundings the place workers really feel included is a top quality related to Canada’s high employers. It extends past inner morale because it’s additionally confirmed to make a constructive monetary impression. 

“There’s a number of information on the market that exhibits the organizations who’ve numerous populations are extra worthwhile and run higher,” reveals O’Rourke. 

“If you happen to’re a corporation that desires to develop, be worthwhile, and appeal to the appropriate stage of expertise, range, fairness and inclusion (DE&I) have to be on the entrance of your thoughts. By having unbiased recruitment, operating a meritocracy, having very clear tips on how you can get to completely different ranges, and treating everyone the identical, then you’re prone to have a various group.” 

Avenue Dwelling fosters a various tradition by recognizing the significance of various views by way of its firm values, that are:

“Our founder and CEO, Anthony Giuffre, has persistently empowered our folks to be challenged, engaged, and motivated to carry their greatest every single day,” says Cho.  

“This has pushed our speedy development and has bolstered our capability to draw high expertise from quite a lot of backgrounds, together with a powerful meeting of over 22 spoken languages to assist us talk successfully with our intensive buyer base.”  

The agency’s spirited tradition extends to the broader neighborhood. It provides again via its Employer Supported Volunteerism program, which presents eight hours of paid volunteer time towards charitable causes that positively impression the communities the place they function. 

The three key pillars in this system are: 

• youngsters and households
  
   

• wholesome communities
  
   

• DE&I
  
   

“We consider in giving again to the communities the place we stay and work,” provides Cho. “Our folks need to contribute in constructive methods whereas constructing stronger connections with their teammates. It feels good after we can share in numerous experiences resembling blood donations, distributing meals hampers, sorting donations, serving to seniors, and organizing neighborhood clean-ups.”  

Centurion has gone from energy to energy in relation to inclusiveness, as the next accomplishments show: 

• having a 14 p.c enhance of Black, Indigenous, and other people of color within the workforce year-on-year
  
   

• ladies accounting for 60 p.c of all promotions in 2023
  
   

• a three-pronged strategy eliminating potential biases in recruitment the place HR professionals kind via résumés somewhat than hiring managers, panel interviews are performed, and unconscious bias coaching is supplied for hiring managers 
  
   

“We need to make the recruitment course of as honest and equitable as potential,” provides Salvatore. 

International X’s DE&I ethos focuses on boosting feminine illustration and rising its charitable efforts. The agency proudly helps not-for-profit group Ladies in ETFs as its govt vp of selling, Stephanie Wolfe, is a board member, and the group promotes:  

“This aligns with our mission to empower and foster an inclusive surroundings,” says Vucevic. 

International X additionally companions with VersaFi, a vibrant neighborhood the place ladies and gender-diverse people from all backgrounds thrive. It additional accelerates gender fairness via main packages, actionable analysis, and sector partnerships. 

Vucevic feedback, “This contains educating future leaders via focused highschool and college packages, increasing a nationwide community with networking and mentorship, providing distinctive skilled improvement, and supporting ladies’s re-entry into finance with the Return to Bay Road.” 

To commemorate reaching the $30 billion AUM milestone, the agency made donations to a number of notable charities throughout Canada, together with: 

“Along with these contributions, our workers actively engaged in varied charitable actions to help their native communities, reflecting our collective dedication to creating a constructive impression.” 

• Centurion Asset Administration
• Co-operative Superannuation Society
• CU Monetary Administration
• Nour Personal Wealth
• OneVest