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

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

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

In accordance with a report from Randstad, a world recruiting and staffing company, a aggressive salary-and-benefits bundle is, unsurprisingly, a high issue for 71 p.c of Canadians. Work-life steadiness is valued virtually as extremely, with 69 p.c of respondents ranking it an vital 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 revealed by Statistics Canada in January 2024 reveals: 

• The share of Canadians often working from residence has risen sharply because the mid-2010s, growing 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 might 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 steadiness is vital, there are different main concerns. 

“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 vital to you,” feedback O’Rourke, who additionally believes incorporating a full profit bundle is just not sufficient by itself. 

“Organizations which can be standing out are offering very giant expense accounts or the flexibility to expense vital values,” he provides. “Offering fitness center membership and help for bodily and psychological well being may be essential. Premier advantages packages that transcend the standard dental and medical is an efficient option to stand out.   

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

“It’s enormous for retaining expertise, as a result of should you’re making plenty of cash, your well being is roofed, your loved ones has the identical form 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 depart that behind.”

 

A dedication to accountable funding methods and fostering a profitable 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 belongings 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 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 super development over the previous decade. 

“After I began with the corporate 12 years in the past, we had perhaps 50 workers and about $350 million in belongings underneath administration, and we had been solely working in Ontario,” says vice chairman of human capital, Laura Salvatore. “Since then, we’ve expanded as we’ve got near 400 workers, and we’re all throughout Canada.” 

 

World X has a wealthy historical past as being one of many first exchange-traded fund (ETF) suppliers in Canada. Right this moment, it’s the fourth largest amongst an more and more crowded discipline 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 World Investments, one of many world’s largest asset managers, which manages greater than CAD$800 billion in belongings throughout 19 international locations and markets. Since its acquisition, the corporate has grown quickly, with belongings growing ninefold since 2011. 

In Might 2024, the corporate rebranded from its authentic identify, Horizons ETFs, to World X, in alignment with the worldwide model owned by Mirae Asset.  

 

Trade professional 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 way more laid again, particularly with Gen Z approaching board. However you then’ve bought 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 Dwelling has opted to comply with a extra up to date mannequin with a collegial tradition. 

“We now have fostered an atmosphere the place persons are wanting 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 workers who adapt to market atmosphere and exterior elements.   

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

“We worth ongoing training to help workers to be one of the best 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 wish to make it possible for everybody feels revered within the office,” provides Salvatore.  

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

World 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 staff member is motivated and aligned with our aims,” says head of individuals and tradition, Jane Vucevic. “Leveraging knowledge analytics permits us to make knowledgeable choices and optimize our operations. This agility allows us to remain forward of the competitors and tailor methods to fulfill evolving wants. We wish to ship distinctive funding experiences and progressive merchandise for Canadians, by Canadians.”

 

Avenue Dwelling gives a strong program and quite a lot of complete plans that embody:  

Like a profitable sports activities staff, the agency invests in worker coaching and expertise growth. 

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

The corporate often subsidizes worker studying within the following areas: 

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





• certifications and designations 
  
   

• govt MBAs
  
   

• management coaching applications
  
   

• govt 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, expertise growth, and focused group coaching classes,” shares Cho. 

“We rigorously analysis progressive companions to coach our groups, push our boundaries, and repeatedly enhance. For instance, we beforehand engaged with a world coaching institute to boost our service framework and guarantee our discipline 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 influence of transformational management to propel our performance-based tradition.”  

Whereas Centurion focuses on bettering well being and wellness amongst workers by means of technological and holistic initiatives similar to: 

“We all the time try to verify our workers are pleased, as a result of when you’ve got that, every thing else will comply with go well with”

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 workers 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 solely voluntary, however workers can join and so they get an opportunity to win the most recent health expertise. We now have 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 vital for you, you’ll be able to 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. Staff have the autonomy to direct these funds for themselves,” she says.

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

World X leverages its advantages program to coach 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 towards 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, workers 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 employees. 
  
   

• Discounted fitness center memberships: In addition to an on-site fitness center, providing quite a lot of health courses and wellness applications, each on-site and thru fitness center partnerships.  
  
   

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

Jane VucevicWorld X Investments Canada Inc.

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

World X allocates three examine days yearly so workers can additional their profession and in addition gives the next initiatives: 

• Management Improvement Program
  
   

• Reimbursement for Exterior Upskilling 
  
   

• ETF College 
  
   

• New Expertise Coaching 
  
   

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

 

Creating a piece atmosphere the place workers really feel included is a high quality related to Canada’s high employers. It extends past inside morale because it’s additionally confirmed to make a optimistic monetary influence. 

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

“In the event you’re a corporation that wishes to develop, be worthwhile, and entice the proper 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 pointers on easy methods to get to totally 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 constantly empowered our folks to be challenged, engaged, and motivated to carry their greatest on daily basis,” says Cho.  

“This has pushed our fast development and has bolstered our potential to draw high expertise from quite a lot of backgrounds, together with a formidable meeting of over 22 spoken languages to assist us talk successfully with our in depth buyer base.”  

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

The three key pillars in this system are: 

• youngsters and households
  
   

• wholesome communities
  
   

• DE&I
  
   

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

Centurion has gone from power to power with regards 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
  
   

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

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

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

World 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 govt 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 atmosphere,” says Vucevic. 

World X additionally companions with VersaFi, a vibrant neighborhood the place ladies and gender-diverse people from all backgrounds thrive. It additional accelerates gender fairness by means of main applications, actionable analysis, and sector partnerships. 

Vucevic feedback, “This consists of educating future leaders by means of focused highschool and college applications, increasing a nationwide community with networking and mentorship, providing distinctive skilled growth, 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 numerous charitable actions to help their native communities, reflecting our collective dedication to creating a optimistic influence.” 

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