RF Capital Group chief executive officer’s ambitious aspiration is no easy feat in an industry that continues to be heavily dominated by men
Nearly $1.3-trillion is projected to pass from one generation to the next in Canada between 2020 and 2030, according to Investor Economics.Last January, the board, which now consists of 10 members, added Nathalie Bernier, former chief financial officer for the Public Sector Pension Investment Board, and Jane Mowat, former lead director of Via Rail Canada Inc.
Since May, 2021, the company has hired eight adviser teams that manage about $1.6-billion in assets, with four being led by a woman. Together, the teams generate approximately $16-million in annual revenue. Ms. Bisset said there is another potential $16-billion of assets in the recruitment pipeline for 2022.
“You get better decision-making when all the voices are heard at a company, both male and female. You are going to have a better wealth management experience, a better transition to the next generation of clients, including the group of women who are going to inherit money and need help planning for it.”
With limited female talent to poach from competitors, Ms. Bisset knows the company’s goal can’t rely on recruitment alone. It has to come from within the company as well.
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