The sale of MD Financial Management to Scotiabank last year has touched off a competition among Canada’s major banks to attract physician customers, with several launching investment and business packages in recent months aimed at health care professionals.
In December, TD Bank announced a wealth management service for health care professionals, to be paired with its existing products for business and personal banking aimed at doctors and medical students. In March, Scotiabank and CIBC both launched similar packages. Read more in CMAJ.