It is no surprise that physicians are fully committed to their roles — it is not a job to be a doctor, it’s a calling — and when physicians are supported, the health and wellness of all Canadians is upheld.
MD Financial has been focused on providing investment solutions for the physician community for more than 50 years. President and CEO Daniel Labonté, who has been at the firm for 20 years, is “incredibly proud to lead a company whose sole purpose is the financial well-being of Canadian physicians and their families,” he says. “My passion for MD’s mission to help Canada’s physicians is a commitment both professional and personal — my daughter is currently in her second year of medical school."
“MD’s legacy of focusing on physicians cannot be replicated,” says Glen Gowland, Group Head and Executive Vice President of Global Wealth Management at Scotiabank, which acquired MD Financial in October 2018. “We have focused on adding services that are better, even lower cost, and providing other capabilities that weren’t previously provided, to support physicians more fully."
Scotiabank and MD Financial’s commitment to physicians runs deeper than providing outstanding investment solutions and Total Wealth advice. Scotiabank also entered into a collaboration with the Canadian Medical Association to invest $115 million over the next 10 years to support the advancement of the medical profession and health care in Canada. Since October 2018, Scotiabank has committed close to $6 million towards this 10-year commitment.
This dedication to the physician community has also been recognized by 25 diverse medical associations across Canada, representing nearly 70,000 physicians, who have chosen to exclusively partner with Scotiabank and MD Financial.
By remaining fully invested in the medical community through partnerships, MD Financial continuously deepens its understanding of physicians and their communities, leading to ever more relevant offerings and advice helping physicians achieve financial well-being.
Physicians also benefit from partnerships through the sharing of financial expertise that strengthens their financial literacy, empowering them to take better control of their finances and reduce a source of stress.
We are pleased to shine a spotlight on just a few of these organizations and the amazing work they do:
Canadian Association of Radiologists: The Canadian Association of Radiologists (CAR) is the national specialty society for radiologists in Canada, committed to promoting the highest standards of patient care, lifelong learning, research, and helping radiologists contribute to the very best health care for patients.
Canadian Association of General Surgeons: The Canadian Association of General Surgeons is the only national organization representing the interests of General Surgeons in Canada. CAGS provides education, professional development and practice resources to our members through the delivery of the Canadian Surgery Forum and other important educational programs. CAGS advocates for those issues that impact the practice of general surgery, and we also support research in general surgery through the Canadian General Surgery Foundation. Improving the Quality and Safety of care for patients treated by General Surgeons is of paramount importance to CAGS.
College of Family Physicians of Canada: The College of Family Physicians of Canada (CFPC) is the professional organization that represents more than 38,000 members across the country. The College establishes the standards for and accredits postgraduate family medicine training in Canada’s 17 medical schools. It reviews and certifies continuing professional development programs and materials that enable family physicians to meet certification and licensing requirements.
Canadian Paediatric Society: The Canadian Paediatric Society is the national association of paediatricians, committed to working together to advance the health of children and youth by nurturing excellence in health care, advocacy, education, research and support of its membership.
Federation of Medical Women of Canada: The Federation of Medical Women of Canada (FMWC) is a national organization committed to the professional, social and personal advancement of women physicians and to the promotion of the well-being of women both in the medical profession and in society at large. Established in 1924, the FMWC is also an independent nation member of the Medical Women's International Association.
Canadian Federation of Medical Students: The Canadian Federation of Medical Students represents over 8,300 medical students from 15 Canadian medical student societies from coast to coast. We connect, represent and serve medical students as they learn to serve patients and society.
Scotiabank and MD Financial, working closely with the Canadian Medical Association, remain committed to supporting the physician community in Canada – both their financial needs as well as the vibrancy of their profession – and, in turn, the health and wellness of all Canadians.