deVere Group Enters Canada With Ontario Regulatory Approval
deVere Group announced its entry into Canada after securing regulatory approval from the Financial Services Regulatory Authority of Ontario. The company launched deVere Canada in Toronto as part of an international expansion strategy targeting internationally mobile professionals, entrepreneurs, expatriates, and globally connected families requiring multi-jurisdiction financial planning. The move occurs as Henley & Partners projected more than 142,000 millionaires would relocate internationally during 2025, representing one of the highest levels of wealth migration on record. Canada remained among countries expected to attract substantial inflows of internationally mobile wealth. Traditional single-country advisory models are increasingly struggling to manage clients holding assets, pensions, businesses, and tax exposure across multiple jurisdictions simultaneously.
Toronto Operations Focus on Insurance and Protection Planning
deVere Canada will operate from Toronto's financial district. The Greater Toronto Area generates approximately 20% of Canada's GDP according to regional economic estimates, while Toronto remains the country's dominant financial center. James Green, Regional Director at deVere Canada, commented, "The expansion comes amid major shifts in global wealth patterns, with affluent individuals and families increasingly living, working, investing and retiring across multiple countries." He added, "Traditional wealth models built around single-jurisdiction advice are increasingly struggling to serve internationally mobile clients operating financially across several countries simultaneously." The Toronto operation will initially focus on insurance and protection planning while supporting broader international wealth structuring requirements for clients with multinational exposure. According to Credit Suisse global wealth research, Canada ranked among the world's top ten countries by household wealth per adult.
Cross-Border Complexity Drives Advisory Demand
Financial advisers increasingly manage clients with multinational business interests, overseas pension exposure, cross-border estate planning requirements, multiple tax residencies, foreign property ownership, and international investment portfolios. That complexity has accelerated demand for advisory firms capable of coordinating financial planning across multiple jurisdictions simultaneously. deVere Group currently oversees more than $14 billion under advisement across its international network spanning Europe, the Middle East, Asia, Africa, and the Americas. According to Boston Consulting Group, global financial wealth surpassed $275 trillion in 2025, supported by continued growth in private markets, entrepreneurial wealth creation, and cross-border investment activity.
Industry Trend Toward Globally Mobile Clients
deVere's Canadian expansion follows a broader industry trend in which international wealth management firms continue repositioning around globally mobile clients. Earlier this year, Julius Baer expanded advisory operations targeting internationally mobile ultra-high-net-worth clients across North America and the Middle East, while firms including St. James's Place and Quilter increased focus on expatriate and international advisory businesses. Juerg Steffen, CEO at Henley & Partners, commented in the firm's latest wealth migration report, "The consequences of this growing migration of private wealth will become increasingly significant over the coming decade, impacting the future competitiveness of nations." Research from New World Wealth showed that migration flows increasingly influence local private banking, property markets, insurance demand, and international investment advisory sectors.
What's Next
Josh Taylor, CFO at deVere Canada, stated that Ontario represents the company's first provincial license in Canada, with broader national expansion planned throughout late 2026 and 2027. Brent Weaver, Chief Commercial Officer at deVere Canada, commented, "Toronto is a natural location for our continued international expansion and an important addition to deVere's global advisory network." The company said recruitment is already underway as deVere Canada scales operations in Ontario ahead of broader Canadian expansion.
Key Metrics
| Metric | Figure | Source |
|--------|--------|--------|
| Projected millionaire migrations in 2025 | 142,000+ | Henley & Partners |
| Global financial wealth in 2025 | $275T+ | Boston Consulting Group |
| deVere assets under advisement | $14B+ | deVere Group |
| Toronto share of Canadian GDP | ~20% | Regional economic estimates |
| Canada global household wealth ranking | Top 10 globally | Credit Suisse |
