VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/13/13 — BMO Harris Private Banking today released a study on high-net worth Canadians (those who have investible assets of $1 million or more). The study is the first in a series being released by BMO Harris Private Banking over the next year that examines trends among the wealthy across North America. According to the report, diversity reigns among the wealthy in B.C. with 68 per cent stating that they are “new Canadians” having either immigrated to Canada themselves or having at least one parent born outside of the country.
“There has been tremendous growth taking place in B.C. in recent years and the province-s Asian community has played an integral part in helping in the growth and development of the province,” said Jennifer Muench, Vice-President and Managing Director, BMO Harris Private Banking, British Columbia. “This study reinforces the fact that British Columbia provides Canadians, regardless of where they came from or their race, with the opportunity to work hard and prosper.”
Additional B.C. highlights from the inaugural study include:
Key National Findings:
On a national level, the study found the following:
Regional Breakdown:
The online survey was conducted by Pollara between March 28th and April 11th, 2013 with a sample of 305 Canadian adults who have $1M+ in investable assets (including a sub-sample of 47 British Columbians). The margin of error for a probability sample of this size is +/- 5.6%, 19 times out of 20.
About BMO Harris Private Banking
Backed by the stability and resources of BMO Financial Group, professionals at BMO Harris Private Banking are responsible for the successful management of wealth by providing expert advice and highly personalized services in banking, investment management, estate, trust, succession planning and philanthropic services – all with a coordinated and confident approach. With 34 offices across Canada, including Halifax, Montreal, Toronto, Calgary and Vancouver, BMO Harris Private Banking is able to service clients in a variety of languages.
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Contacts:
Media contacts:
Laurie Grant, Vancouver
(604) 665-7596