Canada's Largest Asset Managers

Following are the largest Canadian asset and wealth management companies ranked by total assets under management (AUM).

1. Sun Life Financial Inc, headquartered in Toronto, is the largest Canadian money manager with C$1.247 trillion (US$976 billion) in global AUM. The company offers insurance, asset and wealth management services to corporate and individual customers through its subsidiaries including SLC Management, the institutional asset manager.
Total AUM: US$976 billion (12/31/2020)

2. Manulife Financial Corporation is the second largest money manager in Canada based on total AUM. With 37,000 employees, it provides a wide array of insurance and investment solutions worldwide. Manulife Investment Management is the global wealth and asset management arm of Manulife Financial Corp.
Total AUM: US$890 billion (12/31/2020)

3. Power Corporation of Canada (TSX: POW), headquartered in Montreal, Quebec, is the third largest Canadian asset manager in terms of AUM. The company’s main subsidiaries include Power Financial Corp, Great-West Lifeco and IGM Financial Inc.
Total AUM: US$793 billion (09/30/2020)

4. Brookfield Asset Management, founded in 1899, is an alternative asset management firm headquartered in Toronto. It is the fourth largest Canadian asset manager with focus on real estate, infrastructure, renewable power and private equity. It has a presence in 30 countries including offices in New York, London (UK), Dubai (UAE), Shanghai (China), Rio de Janeiro (Brazil) and Sydney (Australia).
Total AUM: US$602 billion (12/31/2020)

5. RBC Global Asset Management (RBC GAM) is one of Canada’s largest investment management firms responsible for over $429 billion in assets under management. It employs around 1,450 staff across North America, Asia and Europe. The company includes such institutional money managers as PH&N Institutional (formerly known as Phillips, Hager & North Investment Management) and BlueBay. RBC GAM is a subsidiary of Royal Bank of Canada.
Total AUM: US$429 billion (12/31/2020)

6. BMO Wealth Management, a member of Bank of Montreal, provides a wide spectrum of wealth and asset management products as well as insurance services worldwide.
Total AUM: US$406 billion (01/31/2021)

7. TD Asset Management (TDAM) is a bank-owned asset manager established in 1987. It is one of the leading asset managers in Canada with more than US$300 billion in assets on behalf of corporations, pension funds, individual investors, endowments and foundations. The company is a member of The Toronto-Dominion Bank.
Total AUM: US$320 billion (12/31/2020)

8. Caisse de depot et placement du Quebec (CDPQ), established in 1965, is one of the largest institutional fund managers and public pension asset managers in Canada. It manages funds of over 40 depositor groups. CDPQ has a presence in 8 countries and among the leading global investors. It has offices in Montreal, Quebec, New York, Washington, Mexico, London, Paris, New Delhi, Shanghai, Singapore and Sydney.
Net Assets: US$286 billion (12/31/2020)

9. Scotiabank Global Wealth Management
Total AUM: US$250 billion (01/31/2021)

10. Canadian Imperial Bank of Commerce (CIBC), through its subsidiaries including CIBC Asset Management Inc (CAM), provides high quality multi-asset class investment solutions. In September 2017, the company launched long-term private debt pool for institutional investors.
Total AUM: US$225 billion (01/31/2021)

11. CI Financial Corp, located in Toronto, Ontario, is one of the leading wealth management and investment fund companies in Canada with over 1,700 employees. The company’s main subsidiaries are CI Investments, Assante Wealth Management (Canada), BBS Securities, CI Private Counsel, GSFM Pty and WealthBar Financial Services.
Total AUM: US$181 billion (12/31/2020)

12. Fiera Capital Corporation, based in Montreal, Quebec, is one of the leading independent asset management firms in Canada with more than 800 employees. It has international offices in New York, Boston, Los Angeles, Dayton, London, Isle of Man, Frankfurt, Hong Kong and Singapore.
Total AUM: US$141 billion (12/31/2020)