Raymond James is expanding its wealth management business in Canada, with plans to form a trust company in Montreal, Quebec.
If regulators approve the new unit, it will be called Raymond James Trust (Quebec), and provide “integrated estate/succession, trust and power of attorney/mandate services” to its more than 1,400 advisors and portfolios managers in the country.
“It gives our Quebec-based advisors and portfolio managers an important new service tool which will complement their core wealth management services and further benefit clients with more complex needs,” said Paul Allison, chairman and CEO of Raymond James Ltd., the firm’s Canada arm.
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