The Investment Dealers Association of Canada today released the first issue of IDA Wealth Watch, a quarterly report devoted exclusively to wealth management issues.
The retail businesses of IDA Member firms account for nearly half of total revenues in the securities industry, managing an estimated 36% of the total discretionary financial assets of Canadians.
The importance of wealth management for the industry prompted the IDA’s Capital Markets Department to develop this new report to inform firm’s about news and developments in this key area of their business.
The report’s first edition provides an overview of the industry and examines the impact of changing investor behaviour on the types of products coming to market and on the industry’s revenue mix.
It highlights an increase in investor demand for products offering yield, tax efficiency, principal protection or overall diversification.
The report also shows that total annual fee-based revenues have grown by 50% since 2000, while other sources of revenue have decreased.
IDA Wealth Watch is available on the IDA’s Web site.