CALGARY, ALBERTA — (Marketwired) — 06/13/13 — Today BMO Harris Private Banking released the first in a series of studies examining the high-net worth segment in Canada (defined as those with investible assets of $1 million or more). The inaugural report shows that women are well represented among Alberta-s affluent, accounting for more than one-third (36 per cent) of the province-s wealthy.
“It shouldn-t come as a huge surprise that Albertan women make up such a significant number of the province-s affluent population,” said Mary Ellen Neilson, Regional Vice President and Managing Director, Prairies, BMO Harris Private Banking. “After all, across North America, the wealth controlled by women is increasing by eight per cent annually. We-re also seeing more women playing a larger role in their family-s finances with many taking on the role of household -Chief Financial Officer-.”
Ms. Neilson also noted, “There are differences between men and women when managing their money. Our research has found that women put a premium on clear, honest, and relevant communication regarding product and service offerings.”
Other key findings for Alberta from the study included:
“It-s encouraging to see such a high percentage of self-made individuals in Alberta. An entrepreneurial spirit is an asset and these individuals can act as inspiration and leaders for those who are looking to start a business or climb the corporate ladder,” concluded Ms. Neilson.
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 36 Albertans). 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 in with 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.
For more information on BMO Harris Private Banking, please visit .
Get the latest BMO press releases via Twitter by following @BMOmedia.
Contacts:
Media contacts:
Amanda Robinson, Toronto
416-867-3996
Laurie Grant, Vancouver
604-665-7596