When it comes to money, financial services companies can save you a lot of hassle. They not only limit their services to helping you manage your assets but also assist you in getting more and maintaining them, among many other money-related services.
Here are the leading financial service companies in Canada.
1. RBC (Royal Bank of Canada)
Founded in 1864, RBC is a Canada-based bank that offers financial services through five sectors: Wealth Management, Personal and Commercial Banking, Investor, Capital Markets, and Insurance and Treasury Services. RBC is among the biggest banks in Canada and the world. Currently, the bank employs about 78,000 employees and serves approximately 16 million customers. They focus on delivering top-notch service and value putting clients first.
2. Toronto-Dominion Bank (TD)
Founded in 1955, Toronto-Dominion Bank offers commercial and personal banking services and products in Canada and other countries. They focus on becoming a bank for diverse communities across North America, regardless of age, gender, ethnicity, or religion. They have also created numerous job opportunities and ranked as one of the top 50 corporations for diversity in the U.S. The company has over 85000 employees and serves around 11 million customers, and has 1150 branches. They offer wealth management, commercial and market analysis services, and general advice in business growth and success.
3. Bank of Nova Scotia
Founded in 1832, Bank of Nova Scotia is a Toronto-based bank that offers wealth management, commercial and personal banking, and business and investment banking services. The bank employs about 90,000 workers and serves more than 23 million clients in 55 countries.
4. CIBC (Canadian Imperial Bank of Commerce)
Established in 1867, CIBC is a Canadian bank that operates through three business sectors: Wealth Management, Retail and Business Banking, and Capital Markets. CIBC is one of the world’s strongest banks, and it’s present in the U.S., the Caribbean, Europe, and Asia.
5. HSBC Bank of Canada
HSBC Bank of Canada is an affiliate of HSBC Holding PLC. Merged in 1981, HSBC Bank of Canada operates through three business sections: Global Banking and Markets, Commercial Banking, and Retail Banking and Asset Management. It’s the 7th largest bank in Canada with about 6000 employees.
6. Canadian Western Bank
Founded in 1988, Canadian Western Bank is the only Schedule 1 bank in Canada offering middle-market banking services. Headquartered in Edmonton, the firm serves the western Canada region and offers loans, mortgages, investment products, personal accounts, small business lending, business accounts, credit card, and insurance services. The bank has 42 branches and about 2000 employees.
The Canadian financial services segment is undergoing a considerable transformation. Banks have started switching roles from depository units to advanced institutions that help you grow and manage your wealth.
