Richard McIntyre has departed as managing director and head of Toronto-based DundeeWealth Inc.’s retail advisory network.
Last month, McIntyre moved to the new role of managing director and head, Scotia Private Client Group, also headquartered in Toronto.
Tuula Jalasjaa has stepped into McIntyre’s old role at DundeeWealth. Jalasjaa has worked with Bank of Nova Scotia (TSX:BNS) for over 15 years and formerly held the position of managing director and head, investment management services, Scotia Asset Management L.P.
As part of her new role, Jalasjaa intends to foster the entrepreneurial spirit of DundeeWealth. “First and foremost we want to continue to create an environment where entrepreneurial quality financial advisors can grow their business while also enabling them to provide high quality financial advice to clients,” she says.
“Second, we have a tradition of attracting the top advisors in the country and I want to continue to field that goal and be the number one destination for high quality advisors.”
In terms of upcoming challenges, Jalasjaa sees industry wide issues as the biggest concerns for DundeeWealth. “We’re in different times, the environment is changing constantly,” she says, “especially when it comes to client needs and demands and certainly the regulatory environment.”
To meet higher client expectations, says Jalasjaa, DundeeWealth must strengthen its advisor offerings through mobile apps and technology. In terms of regulatory challenges, Jalasjaa points to KYC and suitability changes as well as leveraging constraints.