Wealth management clients

In Canada, women have historically been underserved by the wealth management industry. However, now women are becoming more financially empowered and seeking professional advice and services for their financial situations:

• 94% of women investors want to learn about money and finances
• 97% of women are involved in financial decision-making for their household
• 97% of women are involved in financial decision-making for their household
• 90% women investors see advice from a professional as helpful for one or more life events
• Only 22% of women have a formal written financial plan prepared by a professional
• $1 trillion in assets is projected to change hands by 2028
• 80% of women change their advisor within one year of the death of a spouse or partner

Source: PMG Intelligence, Women & Investing, December 2019

The Scotiabank Women Initiative takes an inclusive approach to wealth management services because we believe successful financial outcomes are best achieved when every voice is heard. This inclusive approach delivers Total Wealth Planning to women – the way they want it. 

The Scotiabank Women Initiative recognizes women’s preferences for:

• Investment goals that work in concert with their life goals
• Integrated, holistic advice
• Making informed financial decisions backed by research

The Scotiabank Women Initiative will deliver the strengths of our Total Wealth offering in a women-centric approach, to better serve this critical client segment more holistically through three impactful program pillars:    

Access to tailored solutions: Through Scotia Wealth Management’s innovative team-based approach, we help clients address the entirety of their lives – their family, their business, and their future.

Bespoke specialized education: Through online resources and interactive workshops, we provide clients and prospects access to educational content that will help them make informed financial decisions. 

Holistic advisory services: Through dedicated training, we empower our Advisor/Relationship Manager in the program to offer tailored advice and a customized plan. By doing so, we help clients build financial confidence and prepare for life transitions, such as retirement, caring for aging parents, and managing the financial implications of death or divorce.

Not at all. While our events are focused on the unique challenges faced by women in managing their finances through life transitions, these sessions are open to both women and their family members. 

Our events are open to the public, and you do not need to be a Scotiabank client or customer to attend. If you are interested in the topics discussed in the webinar, we can arrange for a wealth professional to contact you afterwards to discuss how we can support your wealth management needs.

We understand that women have unique challenges when it comes to retirement or estate planning since they may live longer than their spouse. They are also more likely to be the main caregiver for aging parents. As a result, we ensure our Advisor/Relationship Manager is aware of these unique challenges and tailor their solutions to best serve their clients.

We provide customized training, perspectives and strategies to Advisor/ Relationship Manager to help better support them with our women clients’ unique wealth management opportunities. This includes access to experts including Dr. Amy D'Aprix (an internationally renowned lifestyle transitions consultant), in-depth training, and financial discussion tools and materials designed specifically for women clients.  

Complete this form to tell us more about you and what you’re looking for. A member of our team will be in touch to discuss how Scotiabank can help you.