The concentration of capital-intensive industries has created strong demand for a robust, innovative financial services sector. As a result, the province has developed world-class expertise in niche sectors such as asset management, trading, mergers and acquisition, corporate banking and equity issuance.
Financial Services Concierge
Your single point of contact for navigating financial sector legislation and regulation in Alberta.
A global finance hub
Fuelled by high levels of investment in the energy sector, Alberta’s financial services have seen exceptional growth over the past decade. From 2011-2021, Alberta’s growth rate was 38.7% compared to the national growth rate of 35%.
Calgary is regarded as one of Canada’s four global finance centres, with a cluster of 1,400+ financial services companies that employ more than 20,000 people. It is also home to an emerging fintech hub.
The city’s strong corporate presence, high individual wealth and high-deal velocity makes it an attractive market for financial firms. Calgary is also well-integrated with global markets. Seventy-five percent of the top 20 global investment banks have branch offices in Alberta.
Edmonton is one of Canada’s leading centres for asset management and banking entrepreneurship. Four of Western Canada’s largest financial institutions are headquartered in Edmonton, including one of the country’s largest institutional investment fund managers.
Rapid growth in fintech
The strength of Alberta’s financial sector and the trend toward digitalization has spurred the growth of numerous fintech companies. Alberta will invest over $1.5 billion in digital transformation for financial services from 2021 to 2024.
The province’s fintech firms specialize in blockchain, cryptocurrency, insurtech, paytech, capital markets and investments, wealthtech, software and more.
Investors are taking note of Alberta’s emerging fintech sector. With three fintech unicorns, the province is not only developing innovative products but connecting with the capital needed to grow.
Alberta’s financial sector advantage
Alberta’s financial sector is supported by a talented, highly productive workforce. Home to two of Canada’s top 10 business schools, the province boasts expertise in areas including artificial intelligence (AI) and quantum computing. Banks headquartered in Alberta have invested in local research partners to leverage these technologies.
A sound banking system and low taxes make Alberta an ideal place to launch or relocate a financial firm.
Areas of Focus
Cryptocurrency and blockchain
Personal finance / wealthtech
As the most entrepreneurial province in Canada, Alberta is developing innovative solutions and changing how finance works.
Alberta’s history and expertise in energy financing positions the province to finance the energy transition.
Insurance linked securities (ILS)
Debt and equity securities
Alberta is becoming a globally competitive insurance destination with improved legislation for captive and reinsurance markets. The province is a market for creating innovative uncorrelated financial products.
Talent & Productivity
Alberta’s financial sector is supported by a talented, highly productive workforce and top university programs
Alberta’s Finance, Insurance, Real Estate and Leasing industry employs 104,100 Albertans.
Two of Canada’s Top Business Schools
Labour productivity in Calgary’s financial sector is 25% higher than the Canadian average.
Alberta’s policies and incentives mirror its entrepreneurial mindset
Affordable Office Space
Calgary and Edmonton have the most affordable downtown Class A office space in the country.
The Alberta Securities Commission expanded self-certified investors’ eligibility.
Alberta has the highest entrepreneurial initiative in Canada.
Alberta’s financial services sector is strong, stable and well-connected
Prominent Global Players
Major firms with a presence in Alberta include JP Morgan Chase, Goldman Sachs, Morgan Stanley and Barclay’s.
Safe Place for Your Investment
Six major Canadian banks have been listed as the top 10 most secure in North America.
Sound Banking System
Canada’s banking system has consistently been ranked as one of the soundest in the world.
Alberta StoriesSee All Alberta Stories
Catalyx offers the largest selection of cryptocurrencies in Canada
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Neo Financial raises $50M during unprecedented year of VC inflow
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Bitcoin Well increases accessibility of cryptocurrencies
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Solium reaches unicorn status after acquisition by Morgan Stanley
Launched in 1999 as Solium Capital, the company helped establish the fintech ecosystem in Alberta. It developed an intuitive stock plan administration platform, which serves over 3,000 clients, with 1 million participants. In 2019, Solium was purchased by Morgan Stanley for over $1 billion, the 6th largest fintech deal in the Americas that year. The…Read More
Katipult simplifies equity transactions for both companies and investors
Based in Calgary, Katipult provides crowdfunding investment software infrastructure for private market companies and investors. Aligning with over 20 regulatory jurisdictions, Katipult uses blockchain technology to help grow and manage investment networks. The startup has brought international attention to Calgary’s tech scene and won RBC’s Emerging Enterprise of the Year Award in 2011.Read More