Here for You. Today and Always.

Here for You. Today and Always.

Brian Peters, President and CEO of MD Financial Management and Alex Besharat, Senior Vice President and Head of Canadian Wealth Management at Scotiabank, speak about the commitments MD is making to Canadian physicians.

Transcript

At the end of May, we announced some big news: Scotiabank will be the new owner of MD Financial Management. In the months since, we’ve spoken with and, more importantly, listened to MD clients across the country.

We’ve heard cautious optimism, and also deep concern. Will MD still be for physicians? Will it still put your interests, and your needs, above everything else?

Our answer to you is: Yes.

We believe the relationship between MD and Canada’s physicians is sacred. It is based on half a century of experience and expertise. Protecting that relationship is MD’s and Scotiabank’s top priority.

Today we are making four specific commitments that you can hold us accountable to, as we move forward together.

  1. We commit that MD will continue to give you the objective, expert and physician-centred advice you have always trusted.

    That means MD’s leadership team and its staff remain in place; these are the people who know and understand physicians’ finances best. The way we compensate Advisors has not changed–they remain salaried (not commissioned) and focused, as always, on what’s in your best interest. We do not require or reward Advisors for selling you specific banking or investment products (including Scotiabank’s). Meeting your unique financial needs is their sole purpose.


  2. Your fees will not increase.

    Our objective for MD clients is: the same service or better. We are aiming for better.


  3. Physicians will continue to have a strong voice at MD.

    Physicians provide an invaluable perspective that strengthens who we are and what we do. We will continue to actively seek your input and feedback on the products and services we offer.


  4. We will give you broader and more innovative choices.

    Right now, we’re crafting new, physician-centred banking and investment offerings. We’re excited to engage you directly in helping to shape these options.

The job ahead of us is clear: to prove these words with action. You are a part of our DNA. And for as long as MD has the honour of serving you, that will never change.

Sincerely,


Brian Peters's signature

Brian Peters
President and CEO
MD Financial Management

Alex Besharat's signature

Alex Besharat
Senior Vice President and Head, Canadian Wealth Management
Scotiabank


P.S. MD’s doors are always open. If you have any questions or concerns, your Advisor is ready to help.

MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.ca.

Scotiabank is a business name used by The Bank of Nova Scotia.