AI news brief
Scotiabank courts wealthy investors with new partnerships and portfolio management tool
Globe and Mail - Business - 2026-10-06
AI Summary
Scotiabank is enhancing its wealth management division by launching a new portfolio management tool, Scotia Global Intelligence, to provide ultra-high-net-worth clients with a consolidated view of their assets across multiple institutions. The bank is also forging partnerships with Addepar and Marsh to offer institutional-quality advice and guidance on international investments, including alternative assets. These initiatives aim to expand Scotiabank's fee-based income and cater to the complex needs of wealthy investors.
Key takeaways
- Scotiabank launched Scotia Global Intelligence for wealthy clients.
- New partnerships aim to offer institutional-quality investment advice.
- Bank seeks to grow fee-based income from wealth management.
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