In this episode of Capital Topics, James Parkyn and Raymond Kerzérho meet with Alain Desbiens, director for Quebec and Eastern Canada at BMO ETFs. Alain provides us with a bird's eye view of millionaires in Canada and worldwide.
Discussion points:
- The definition of a high, very high and ultra high net worth individual
- Where does their wealth come from?
- Their asset mix across public market holdings, private holdings, real estate, etc.
- The main interests and passions of wealthy individuals
- The distribution of wealth in Canada and Quebec.
- And much more!
Links:
Report of the Parliamentary Budget Officer on the distribution of wealth in Canada
Credit Suisse Research Institute: Global Wealth Report 2020
