TD to Add 200 Advisers to Help Wealth Unit Reach Profit Goal
- Hiring, Greystone deal aimed at growth target of up to 10%
- Purchase adds real estate funds attractive to wealthy clients
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Toronto-Dominion Bank, building on its deal for money manager Greystone Capital Management Inc. earlier this month, plans to hire 200 advisers in Canada this year to boost profit at its wealth-management division as much as 10 percent.
The additions are part of Toronto-Dominion’s push to expand in a division that includes online investing, advice and asset management to take advantage of what wealth-management head Leo Salom says are attractive demographics in North America.