Aviso is backed by Canada’s leading financial services co-operatives. We are a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by CU CUMIS Wealth Holdings LP, a limited partnership owned by the five provincial credit union Centrals and The CUMIS Group Limited, which is part of Co-operators Life Insurance Co.
Aviso’s ownership group has combined balance sheet assets of over $740 billion1 as of December 31, 2023.
Aviso ownership. CU CUMIS Wealth Holdings LP and Desjardins Financial Holding Inc. each contribute five directors to Aviso’s 10-member Board.
Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world. It was named one of the World's Top Female-Friendly Companies by Forbes magazine. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry.
The five Centrals are trade associations and service providers representing most Canadian credit unions (excluding Desjardins’ caisse network). By providing critical services at scale to credit unions in their regions, and by advocating on behalf of credit unions and their members, the Centrals enable a thriving credit union system that delivers banking choice to Canadians. The five Centrals are: Atlantic Central; Central 1 (representing BC and Ontario credit unions); Credit Union Central of Manitoba; SaskCentral; and Alberta Central.
Co-operators is a leading Canadian financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. Co-operators is known for providing trusted guidance to Canadians, and for its community involvement and its commitment to sustainability. Co-operators is ranked as a Corporate Knights' Best 50 Corporate Citizen in Canada. Its subsidiary CUMIS is a leading insurance solutions provider to Canada’s credit unions, delivering competitive financial services, innovative technology solutions and effective partnerships.
1 Desjardins assets $422.9B. Centrals total assets $259B. Co-operators assets $63B.
