Fidelity Investments Canada (Fidelity) has announced it will launch Fidelity Wealth ULC (Fidelity Wealth), a new wealth management business designed to support financial advisors with their succession planning and transition to retirement.
“Financial advisors are an essential part of the Canadian economy, adding value to millions of Canadians by helping them save and invest successfully towards, and throughout, their retirement,” said Eugene Boakye, managing director of Fidelity Wealth. “Just as advisors have supported Canadian families with their retirement dreams, with Fidelity Wealth, our mission is to help financial advisors achieve their retirement with confidence, knowing that their clients will continue to be offered professional financial advice and leading investment management solutions.”
According to Fidelity research, more than 16,000 financial advisors are expected to retire in the next decade, with close to four in 10 age 55 or older. Given thi