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

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

“The straightforward reply is cash,” he says. “At entry-level wealth administration, it’s a must to 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 huge markets.” 

In keeping with a report from Randstad, a worldwide recruiting and staffing company, a aggressive salary-and-benefits package deal is, unsurprisingly, a prime issue for 71 p.c of Canadians. Work-life steadiness is valued nearly as extremely, with 69 p.c of respondents ranking it an essential facet of their job. 

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

A report printed by Statistics Canada in January 2024 reveals: 

• The proportion of Canadians normally working from house has risen sharply because the mid-2010s, growing from 7.1 p.c in Could 2016 to 24.3 p.c in Could 2021. It was 20.1 p.c in Could 2023. 
  
   

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

Whereas work-life steadiness is essential, there are different main issues. 

“Working from house, 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 essential to you,” feedback O’Rourke, who additionally believes incorporating a full profit package deal is just not sufficient by itself. 

“Organizations which can be standing out are offering very giant expense accounts or the power to expense important values,” he provides. “Offering health club membership and assist for bodily and psychological well being will be essential. Premier advantages packages that transcend the standard dental and medical is an efficient solution to stand out.   

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

“It’s large for retaining expertise, as a result of if you happen to’re making numerous cash, your well being is roofed, your loved ones has the identical form of package deal. 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 depart that behind.”

 

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

Avenue Residing 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 belongings throughout Canada and the US, together with: 

Avenue Residing’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 provides buyers a rising portfolio of:

• non-public funding merchandise
  
   

• company financing 
  
   

• mortgage financing 
  
   

• multi-residential residences
  
   

• pupil housing communities 
  
   

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

“After I began with the corporate 12 years in the past, we had possibly 50 staff and about $350 million in belongings underneath administration, and we have been solely working in Ontario,” says vice chairman of human capital, Laura Salvatore. “Since then, we’ve expanded as we’ve got near 400 staff, 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 present, 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 belongings throughout 19 nations and markets. Since its acquisition, the corporate has grown quickly, with belongings growing ninefold since 2011. 

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

 

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

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

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

Avenue Residing has opted to comply with a extra up to date mannequin with a collegial tradition. 

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

The agency underscores the significance of attracting staff who adapt to market setting and exterior components.   

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

“We worth ongoing schooling to assist staff to be the very best within the enterprise”

Tammy ChoAvenue Residing

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

• Respect 
  
   

• Integrity
  
   

• Simplicity 
  
   

• Excellence
  
   

“We wish to make it possible for everybody feels revered within the office,” provides Salvatore.  

“We’ve got an open-door coverage, not a number of hierarchy or pink tape, which permits us to be very agile. We’ve got a bonus over our rivals as a result of we are able to transfer so rapidly, make selections and implement adjustments so rapidly. That’s how we’ve been capable of be so profitable, and that’s what our staff 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 aims,” 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 satisfy evolving wants. We wish to ship distinctive funding experiences and modern merchandise for Canadians, by Canadians.”

 

Avenue Residing provides a strong program and a wide range of complete plans that embrace:  

Like a profitable sports activities group, the agency invests in worker coaching and abilities growth. 

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

The corporate steadily subsidizes worker studying within the following areas: 

• persevering with schooling programs throughout a wide range of trades and disciplines  





• certifications and designations 
  
   

• government MBAs
  
   

• management coaching applications
  
   

• government teaching and mentorship
  
   

• specialised coaching with exterior events
  
   

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

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

“This 12 months, we’re partnering with an award-winning, science-based coaching program and specializing in the affect of transformational management to propel our performance-based tradition.”  

Whereas Centurion focuses on enhancing well being and wellness amongst staff by technological and holistic initiatives comparable to: 

“We all the time try to ensure our staff are completely happy, as a result of when you’ve got that, all the things else will comply with swimsuit”

Laura SalvatoreCenturion Asset Administration

“We relaunched our studying and growth program, Centurion Studying Academy, this 12 months. Previous to that, we had a smaller platform. Now, it’s bigger, giving staff entry to hundreds of programs they will full on their very own time,” feedback Salvatore. 

“Each quarter, we’ve got a wellness problem that’s totally voluntary, however staff can enroll they usually get an opportunity to win the most recent health expertise. We’ve got strolling, wholesome consuming, and mindfulness challenges, to attempt to get staff to concentrate on their well-being.” 

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

“If it’s essential for you, you’ll be able to go for massages recurrently 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. Staff have the autonomy to direct these funds for themselves,” she says.

The agency additionally provides hybrid work, enabling staff to earn a living from home two days every week.  

International X leverages its advantages program to coach and upskill staff, which garners continued success, whereas making certain their psychological and bodily well-being is enhancing. 

“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 Go away Advantages: Along with statutory maternity depart funds, staff obtain supplementary pay to make sure a extra complete earnings throughout their depart interval.





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

• Discounted health club memberships: In addition to an on-site health club, providing a wide range of health courses and wellness applications, each on-site and thru health club partnerships.  
  
   

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

Jane VucevicInternational X Investments Canada Inc.

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

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

• Management Growth Program
  
   

• Reimbursement for Exterior Upskilling 
  
   

• ETF College 
  
   

• New Expertise Coaching 
  
   

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

 

Creating a piece setting the place staff really feel included is a high quality related to Canada’s prime employers. It extends past inner morale because it’s additionally confirmed to make a optimistic monetary affect. 

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

“In the event you’re a company that wishes to develop, be worthwhile, and appeal to the fitting stage of expertise, range, fairness and inclusion (DE&I) should be on the entrance of your thoughts. By having unbiased recruitment, working a meritocracy, having very clear tips on methods to get to completely different ranges, and treating everyone the identical, then you might be more likely to have a various group.” 

Avenue Residing 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 deliver their finest on daily basis,” says Cho.  

“This has pushed our fast development and has bolstered our capacity to draw prime expertise from a wide range 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 group. It provides again by its Employer Supported Volunteerism program, which provides eight hours of paid volunteer time towards charitable causes that positively affect the communities the place they function. 

The three key pillars in this system are: 

• kids and households
  
   

• wholesome communities
  
   

• DE&I
  
   

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

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

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

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

• a three-pronged strategy eliminating potential biases in recruitment the place HR professionals type by résumés quite than hiring managers, panel interviews are carried out, and unconscious bias coaching is supplied for hiring managers 
  
   

“We wish 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 growing its charitable efforts. The agency proudly helps not-for-profit group Ladies in ETFs as its government vice chairman of promoting, Stephanie Wolfe, is a board member, and the group promotes:  

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

International X additionally companions with VersaFi, a vibrant group the place girls and gender-diverse people from all backgrounds thrive. It additional accelerates gender fairness by main applications, actionable analysis, and sector partnerships. 

Vucevic feedback, “This consists of educating future leaders by focused highschool and college applications, increasing a nationwide community with networking and mentorship, providing distinctive skilled growth, and supporting girls’s re-entry into finance with the Return to Bay Avenue.” 

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 staff actively engaged in numerous charitable actions to assist their native communities, reflecting our collective dedication to creating a optimistic affect.” 

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