Scotiabank Exclusive: New Restructuring Plan Uncovered

Scotiabank has announced plans to increase its team of financial advisers as part of a wider restructuring effort.

The goal is to boost sales of mutual funds and investment products and ultimately improve shareholder returns. According to Jacqui Allard, head of wealth management at Scotiabank, approximately 10% of the bank’s retail clients in Canada currently invest in mutual funds through the bank.

However, for clients of Tangerine, the bank’s digital-banking division, that figure drops to