This firm beats RBC’s AUA per advisor

We’ve updated the rankings.

By Staff | May 9, 2016 | Last updated on May 9, 2016

1 min read

Last week, we reported that RBC’s advisors manage, on average, $165.2 million each — making it the highest AUA per advisor of the Big 5 banks.

The number came from Scotiabank analysts who’d combed through firm financial statements to determine AUA, number of advisors and AUA per advisor as of December 31, 2015.

Read: The firms with the biggest books, the most assets and the largest rosters

A spokesperson from Nicola Wealth Management, a Vancouver-based boutique, tells us their 20 advisors managed a total of $3.9 billion as of December 31, 2015, putting their AUA per advisor at $195 million per advisor. That’s $30 million more than RBC’s stat. Using the new information from Nicola Wealth, we’ve updated the Scotiabank analysts’ rankings. (If your firm would like to share its stats, email us and we’ll continue to update the lists.) Note: data for Canaccord Genuity and Richardson GMP represent advisor teams.

Ranking of total AUA per advisor:

Nicola Wealth: $195 million
RBC: $165.2 million
Richardson GMP: $137.1 million
CIBC: $115.3 million
TD: $114 million
BMO: $107.7 million
National Bank: $97.7 million
Scotiabank: $87.3 million
Raymond James: $71.5 million
Canaccord Genuity: $64.5 million
Echelon Wealth Partners (formerly Euro Pacific Canada): $42 million

Ranking of total AUA base by firm:

RBC: $297.4 billion
BMO: $140 billion
Scotiabank: $128 billion
TD: $125.1 billion
CIBC: $124 billion
National Bank: $88.4 billion
Raymond James: $26.9 billion
Richardson GMP: $26.3 billion
Canaccord Genuity: $9 billion
Echelon Wealth Partners (formerly Euro Pacific Canada): $4.2 billion
Nicola Wealth: $3.9 billion

Ranking of advisor rosters:

RBC: 1,800
Scotiabank: 1,466
BMO: 1,300
TD: 1,097
CIBC: 1,075
National Bank: 905
Raymond James: 376
Richardson GMP: 192
Canaccord Genuity: 140
Echelon Wealth Partners (formerly Euro Pacific Canada): 100
Nicola Wealth: 20

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.