People are the engine of growth in the wealth management industry. That’s why Wealth Professional conducts its annual study of the best firms to work for in Canada. The list for 2024 has just been published, highlighting the best employers in the industry.
Because firms in this business tend to be smaller, we know that disruptions in workplace satisfaction can have a material impact on the success of a business. The top employers list recognizes those firms who put worker satisfaction first. WP surveyed hundreds of workers to evaluate firms based on the metrics of benefits, culture, development, and incentives.
“The simple answer is money,” says Travis O’Rourke, President of Hays Specialist Recruitment Canada when asked about how firms in this industry set themselves apart. “At entry-level wealth management, you have to have a high base salary, especially for people who are living in major cities where the cost of living is high. The talent tends to surround big markets.”