Respon

What Respon does

Respon (瑞邦金融 / Respon International Group) is a privately-held Canadian financial services firm founded in 2001 and headquartered in Toronto that provides wealth management, family succession planning, cross-border tax strategy, and asset advisory services primarily to high-net-worth Chinese-Canadian families. The firm operates through licensed financial advisors out of offices in Toronto, Vancouver (Richmond), Mississauga, Saskatoon, and Winnipeg, and is led by President Liao Ziwei (廖子蔚) and Chairman Li Hong (李洪), with the leadership team holding lifetime MDRT Top Table membership — the highest honor in the global financial advisory industry.

The business is organized around three interconnected pillars: Respon International Financial Group (investment banking, private equity advisory, and cross-border investment matching), Respon Asset Management (core wealth advisory), and BoFu Technology (博富科技) — a proprietary AI-powered ecosystem that integrates financial, legal, tax, and health resources for high-net-worth clients, with 2,000+ core members and stated plans to scale to 10,000 members globally. Cross-border service delivery is supported by partnerships with Chinese professional services firms, including a 5A-rated law firm, UNITAX (China's largest specialized tax firm), and a Hunan-based law firm, positioning BoFu's Changsha flagship as a China-side counterpart.

Respon's revenue is generated through financial advisory fees, asset management commissions, insurance product placement commissions, investment banking advisory fees, and trailing commissions on investment products — all delivered under a personalized, quote-based pricing model tied to client complexity and asset size. Its go-to-market is community-driven rather than conventional digital: the firm builds pipeline through Chinese-language media (WeChat), sponsorship of cultural and youth events (CYFA Youth Business Competition, Spring Festival galas, golf tournaments, arts and music competitions), and direct advisor relationships within the Chinese-Canadian diaspora. The client base is reported as 70% high-net-worth individuals, with the company claiming multi-year #1 national performance rankings within Canadian financial institutions.

Name

Respon

Legal name

瑞邦资产管理公司 (Respon Asset Management Company)

Website

https://respon.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Respon (瑞邦金融) is a privately-held Canadian wealth management firm founded in 2001 that provides cross-border family succession planning, tax strategy, and asset advisory services to high-net-worth Chinese-Canadian families through licensed advisors across five Canadian provinces and a proprietary AI-powered ecosystem called BoFu Technology.

Ownership category

akta.pro rank

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Financial Advisory & Wealth Management Services: Respon generates revenue through financial advisory fees, asset management commissions, and planning service fees for high-net-worth clients. Services include family wealth succession planning, tax strategy, estate planning, and global asset allocation. The firm also earns trailing commissions on investment products placed for clients.
2. Investment & Capital Advisory: Revenue from investment banking activities, private equity advisory, and land fund management, including cross-border investment matching between Chinese and Canadian investors.
3. Insurance & Estate Products Distribution: Commissions earned from the placement of insurance products and estate planning tools for clients, leveraging licensed insurance brokers within the group.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels4 records

Core offering

Respon provides personalized financial advisory and wealth management services to high-net-worth Chinese-Canadian families, including family wealth succession planning, cross-border asset allocation, tax strategy, estate planning, and insurance product distribution. The firm operates through licensed financial advisors across offices in Toronto, Vancouver (Richmond), Mississauga, Saskatoon, and Winnipeg, and runs the BoFu technology ecosystem as an integrated platform for wealth, legal, tax, and health services.

Product overview

Respon operates as a multi-service financial group offering two integrated layers: (1) core financial services — family wealth inheritance planning, asset allocation, and tax strategy advisory — and (2) an ecosystem of affiliated platforms and programs including the 博富科技 technology platform (AI-powered community), 博富国际 global tech platform, and the CYFA youth business competition and training programs. The company positions these as three interconnected pillars: Respon International Financial Group (investment banking, private equity), Respon Asset Management (wealth advisory), and the BoFu technology ecosystem. All services are coordinated across Respon's offices in Toronto, Vancouver, Mississauga, and other locations to serve Chinese-Canadian high-net-worth families.

Differentiator

Problem solved

Functional benefit

Products and services

• Family Wealth Inheritance and Legacy Planning Core financial advisory service focused on cross-generational family wealth transfer, trust structures, estate planning, and asset protection strategies for high-net-worth families with international assets. Designed for affluent Chinese-Canadian families requiring multi-generational wealth planning.
• Asset Planning and Tax Strategy Comprehensive asset allocation, tax optimization, and investment planning services tailored for investment immigrants and high-net-worth clients, addressing Canadian and international tax obligations including mitigation of risks under Canadian Income Tax Act Section 94 for offshore trusts.
• 博富科技平台 (Bofuketech Technology Platform) AI-powered technology platform serving as a shared ecosystem for high-net-worth families and professionals, featuring AI applications, digital management tools, and global resource integration capabilities with over 2,000 core members. Connectes financial, legal, tax, and health services for clients in one integrated ecosystem.
• 博富国际 (Bofu International) Federally registered global technology platform under the Respon umbrella specializing in AI, digital management, resource integration, and brand influence, serving as a high-end commercial community for global elites with flagship operations in Changsha and plans to expand to 10,000 members across global cities.
• Investment & Capital Advisory Investment banking activities, private equity advisory, and land fund management services including cross-border investment matching between Chinese and Canadian investors, delivered through Respon International Financial Group.
• Insurance & Estate Products Distribution Commissions-based distribution of insurance products and estate planning tools for clients, leveraging licensed insurance brokers within the Respon group for personal and estate-related coverage.

Quantifiable outcome

• Consistently ranked #1 nationally in Canada among large financial institutions in annual performance (2024, 2025)
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core, major and minor.

• 加拿大青少年基金会 (CYFA)coreGTM or Marketing Partner · 1 January 2013CYFA (Canadian Youth Foundation) is a registered non-profit organization founded in 2013 that Respon has supported and sponsored for over a decade. CYFA runs the Youth Business Proposal Competition and other youth development programs. Respon provides financial sponsorship, venue support, and executive leadership through Liao Ziwei.
• 博富国际 (BoFu International)coreStrategic or Co-development PartnerBoFu International is a federally registered Canadian technology platform invested in and controlled by Respon. It focuses on AI, digital management, and global resource integration, serving as the tech ecosystem for Respon's high-net-worth clients. BoFu has 2,000+ core members and plans to expand to 10,000 members across global cities.
• 加拿大商务文化协会 (CCCA)majorStrategic or Co-development PartnerCCCA (Canadian Chinese Business Culture Association) is a key organizational partner for Respon in hosting cultural exchange events between China and Canada. Liao Ziwei serves as Honorary Chairman. CCCA organizes trade delegations and cultural events that Respon sponsors and participates in.
• 中闻律师事务所majorStrategic or Co-development PartnerOne of China's leading 5A-rated law firms, partnered with BoFu to provide cross-border legal services including inheritance law, corporate structuring, and international dispute resolution for Respon's clients.
• 尤尼泰税务事务所 (UNITAX)majorImplementation/ SI/ Consulting PartnerChina's largest specialized tax services firm (5A-rated), partnered with BoFu to provide cross-border tax planning and compliance services. UNITAX is a recognized authority in international tax strategy for Respon's clientele.
• 湖南龙冠律师事务所majorImplementation/ SI/ Consulting PartnerA prominent Hunan-based law firm with expertise in criminal defense, corporate compliance, and civil litigation. Partnered with BoFu's Changsha flagship location to provide integrated legal services for Chinese clients.
• 联合国儿童基金会 (UNICEF Canada)minorGTM or Marketing PartnerCYFA maintains a partnership with UNICEF Canada for international youth development initiatives. CYFA and Respon jointly donate to UNICEF at charity events, supporting global children's programs.
• 加拿大湖南商会majorStrategic or Co-development PartnerThe Canadian Hunan Chamber of Commerce collaborates with Respon and BoFu on cross-border trade events, delegations, and community activities, particularly supporting Hunan-related business exchanges between Canada and China.
• 温哥华话剧团 (VMDS)minorGTM or Marketing PartnerA Vancouver-based Chinese theatre company founded by Han Aitong. Respon sponsors VMDS productions and collaborative events as part of its community cultural engagement strategy.
• 温哥华国际舞蹈艺术学院 (VBDW)minorGTM or Marketing PartnerVBDW, founded by Yue Ying, is a dance academy with 18 years of operations. Respon sponsors VBDW events and performances as part of its cultural event sponsorship portfolio.
• 维智艺术教育学院 (VISM)minorGTM or Marketing PartnerVISM, founded by Shu Yichan (Royal Academy of Music graduate), provides music and arts education. Respon partners with VISM through joint cultural events in the Vancouver area.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• 168 Financial Group: A Canadian financial advisory firm serving Chinese-Canadian families with wealth management, insurance, and tax services. Directly competes with Respon for the same Chinese-Canadian HNW client segment with similar cross-border Canada-China planning expertise.
• CAA Financial Group: Canadian financial services firm focused on Chinese-Canadian families offering insurance, investment, and wealth succession planning. Direct competitor in the Chinese-Canadian HNW advisory space with similar cross-border planning services.
• Lensmark Financial: Toronto-based financial advisory firm specializing in serving the Chinese-Canadian community with wealth management, family financial planning, and insurance products. Comparable niche focus, geographic overlap, and target demographic to Respon.

Broad incumbents

• IG Wealth Management: One of Canada's largest wealth management firms with a national advisor network. Competes for affluent Canadian households with comprehensive financial planning, though with less specialization in the Chinese-Canadian cross-border niche.
• Manulife Financial: Major Canadian financial institution with extensive wealth, insurance, and retirement offerings. Manulife has been expanding its Chinese-Canadian advisory capacity and competes for the same HNW immigrant wealth planning clients as Respon.
• Sun Life Financial: One of Canada's largest financial services companies. Respon has historically operated within the Sun Life / London Life advisor framework (per MDRT context), making Sun Life the platform incumbent whose Mandarin advisor teams and broader product shelf compete with Respon.
• CI Private Wealth: Canadian wealth management business operating under CI Financial, serving HNW and ultra-HNW clients with portfolio management and advisory services. Overlaps with Respon in the Canadian HNW advisory market at a larger institutional scale.

Emerging players

• Wealthsimple: Canadian digital wealth management platform with growing market share among affluent Canadians. While primarily serving mass-affluent and younger clients digitally, it represents a long-term competitive threat as Chinese-Canadian next-gen clients adopt digital-first wealth services.
• SteadyWealth: Canadian financial advisory firm with cultural-segment specialization serving Chinese-Canadian and other diaspora communities. Comparable niche-focused wealth advisory model targeting affluent immigrant families.
• Fairmont Wealth Management: Independent Canadian wealth management firm offering holistic financial planning to affluent families. Competes in the Canadian HNW advisory market with similar family wealth planning focus, though without Respon's Chinese-Canadian niche specialization.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/respon-wealth-management-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Respon