Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeFinanceBankingNational Bank continues western expansion by buying Vancouver trust companyTruvera acquisition signals how trust and estate services are becoming a core component of financial planning You can save this article by registering for free here. Or sign-in if you have an account.A National Bank of Canada branch in Toronto, Ont. Photo by Della Rollins/Bloomberg filesNational Bank of Canada’s acquisition of a Vancouver-based trust company signals how trust and estate services are becoming a core component of financial planning rather than just a niche service for some clients, a senior executive at the lender said.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Accountor“Clients’ needs are becoming increasingly complex, particularly around intergenerational wealth transfer; everything that’s related to estate planning, trust services and philanthropy,” Marie-Soleil Lemieux, chief executive of National Bank Trust, the NBC subsidiary buying Truvera Trust Corp., said.Canadians are in the midst of a $1-trillion wealth transfer between generations, but many aren’t prepared for it. Around half of Canadians have a will, but only 10 per cent of gen-Zers do while 29 per cent of millennials do, according to a report by online estate-planning platform Willful in 2025.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againNational Bank did not disclose how much it is paying for Truvera, but said the transaction will not have a material impact on the bank’s financial position.In May, National Bank reported $274 million in net income from its wealth management segment in the second quarter, up 18 per cent from $232 million a year earlier. The segment’s revenues were $905 million, a 14 per cent year-over-year increase from $791 million.The Truvera acquisition will also strengthen the bank’s presence in Western Canada after it bought Edmonton-based Canadian Western Bank in 2025, which expanded the Quebec-focused bank’s reach to Alberta and British Columbia.Lemieux said the transaction may be a modest one, but it’s strategically significant for National Bank Trust.“It gives us talented professionals, local market expertise and a physical footprint in the province where we’re not previously present,” she said, adding both financial organizations have similar values. “It’s really going to help us grow and build something else.She also said trust and estate planning is a powerful way to deepen adviser-client relationships since it means they work with the current generation as well as their children and grandchildren, which creates continuity and strengthens the trust. 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