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Our History

MD Management, the forerunner of MD Financial Management, was launched in 1969, but its roots run much deeper. In the 1950s, the Canadian Medical Association (CMA) recognized that many physicians were facing uncertain retirements because they lacked structured investment and savings plans.

The CMA lobbied the Canadian government to encourage Canadians to save for retirement. Before there were registered retirement savings plans (RRSPs), only individuals who were part of employer-sponsored registered pension plans could deduct pension contributions from taxable income.

In 1957, thanks in large part to the CMA’s efforts, RRSPs were born.

On October 3, 2018, the CMA completed the sale of MD Financial Management to Scotiabank®. Learn more about the sale.

Today, MD Financial Management administers more than $49 billion. This success is driven by our proud history of meeting the specific needs of Canada's physicians and their families and putting the needs of our clients above all others.


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