Richardson Wealth embraces fiduciary excellence

First wealth management firm in Canada to earn Centre for Fiduciary Excellence Certification for our Separately Managed and Portfolio Management Account platforms.

At Richardson Wealth, we aspire to achieve the highest standards of integrity, transparency and best practices in managing the wealth of our clients. There has never been a time in the financial industry where wealth management firms must work more diligently to earn clients’ trust. Countries such as Great Britain, Australia and the U.S. are proactively pursuing fiduciary standards of care. Richardson Wealth has taken a leadership position in Canada in this regard, and signaled to the industry its commitment in setting standards and best practices for the firm while providing clients with a true strategic partner and fiduciary.

 

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What is a fiduciary

The word 'fiduciary' comes from the Latin word 'fiducia' meaning 'trust'. It refers to a person (or a business such as a bank or an Investment Advisory firm) who has the power and obligation to act for another under circumstances that require total trust, good faith and honesty.

Characteristically, the fiduciary has greater knowledge and expertise about the matters being handled. A fiduciary is held to the highest standards of conduct and trust. They must avoid self-dealing or situations in which the potential benefit to the fiduciary is in conflict with what is best for the person who placed trust in them.

 

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Richardson Wealth – setting the standard for excellence

This esteemed annual certification program ensures that Richardson Wealth’s Portfolio Management Account platform for those advisors who have complete control over investment decisions for their clients and the firm’s Separately Managed Account platform conform to the global fiduciary standards of excellence. Richardson Wealth is the first Canadian firm to achieve designation for our Separately Managed and Portfolio Management Account platforms.

By undertaking a voluntary certification by the Centre for Fiduciary Excellence (CEFEX) as Richardson Wealth has done, and having an ongoing, independent, third-party, rigorous assessment process to audit our practices, clients can feel confident that the trust they are placing in our firm is warranted. 

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Richardson Wealth across Canada

The benefits of Richardson Wealth

Richardson Wealth isn't your typical wealth management firm.

We're an independent, unbiased and leading-edge wealth management firm accountable to a very important group of people — our clients.

Our firm has a history of serving some of the most successful families and entrepreneurs in the country. And there is something distinctly different in the way we do business. For one thing, our investment advisor teams consist of some of the sharpest minds in the business, each bringing many years of experience and knowledge to the table. They're all fully invested in Richardson Wealth as owners, so they'll ensure that the priorities of the business are fully aligned with your priorities.

As an independent firm, we are able to access exclusive and innovative solutions for our clients. We also have tax & estate planning professionals located across the country who will work with you to create a wealth plan that best suits your unique financial needs and goals.

At Richardson Wealth we will always strive for excellence and we are committed to earning your trust. 

We invite you to learn more about Richardson Wealth. www.RichardsonWealth.com

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Officially one of Canada’s Best Workplaces™

We have always known our firm is an exceptional place to work and now it’s official once again. For the fifth year in a row, we have been certified as a Great Place to Work®. Not only that, we’ve again been recognized as one of Canada’s Best Workplaces™ in Financial Services and Insurance for 2023. This recognition means so much because it comes directly from our employees, and what they say as a whole about their work experience in our offices across the country. Our firm’s success, strength and effectiveness is a direct reflection of the advisor teams and individuals who work here.

Our firm has also been named on the 2021 list of Best Workplaces™ for Women. This endorsement is a wonderful testament that we don’t just talk-the-talk, we walk-the-walk with our commitment to the advancement of gender equality in our corporate and public communities.

And, at a time when many of us continue to face many challenges, we are proud to have also been recognized as a Best Workplace™ for Mental Wellness, highlighting our dedication to preserving an environment that makes mental health a top priority. We believe protecting and nurturing employee wellbeing has never been more important.

Reflecting our culture of trust and the way we work, these recognitions underscore our deeply ingrained principles and unwavering commitment to each other, our clients and communities. Ultimately, we believe this is a true reflection of our culture of trust and the way we work. We’ve joined the ranks of Canada’s most esteemed companies, achieving the definitive standard of what it means to be one of Canada’s Best Workplaces™.

That is what makes Richardson Wealth unique.

Not so long ago, every investment firm in Canada was branded with the last name of the founder(s) or major shareholder(s): Wood Gundy, Nesbitt Burns, Macleod Young Weir – not to mention Richardson Greenshields.

These were some of the big players for most of the 20th century. The founders were pillars of the community. Their names were a powerful draw for wealthy families and advisors alike.

As the century turned, these founders and these firms were all gone. Their brands slowly disappeared in favor of corporate names: CIBC, BMO, Scotia, and RBC. With the loss of these brands, gone also was the connection with the founders, the partners, the independent boutique culture.

Richardson Wealth extracts the best from our storied corporate past, when the name on the door meant something, and represents a forward-thinking approach to wealth planning.

We are honoured to serve as our clients’ trusted financial advisor and to work diligently to ensure your family’s long-term financial success. Please contact us with any questions.