Solus Trust Company

What Solus Trust Company does

Solus Trust Company is a federally chartered Canadian trust company regulated by the Office of the Superintendent of Financial Institutions (OSFI) as a Category III Small and Medium-Sized Deposit-Taking Institution (SMSB). It provides independent trustee, executor, and power of attorney services to high-net-worth individuals and families across British Columbia, Alberta, Saskatchewan, Ontario, and Quebec. The company is a wholly owned subsidiary of Raymond James Ltd., which is itself part of Raymond James Financial, Inc.; it previously operated under the name Raymond James Trust Canada before rebranding to Solus Trust Company. Operational footprint comprises a Toronto headquarters at 100 Yonge Street and a Vancouver office, staffed by 33 employees including 7 Trust Advisors.

The business operates on a B2B2C model: clients are sourced primarily through referrals from professional advisors — accountants, lawyers, and financial planners — rather than through direct consumer marketing. This positioning emphasizes independent, conflict-free fiduciary representation for clients whose primary wealth manager or financial institution cannot appropriately serve in a trustee or executor capacity. As of December 31, 2025, the company reported CET1 capital of $16,149,000 with a 63.4% CET1 ratio, reflecting a well-capitalized small-institution balance sheet.

Revenue derives from fees on assets under administration, estate settlement fees, and recurring trust administration fees typical of Canadian fiduciary services; no revenue figures are publicly disclosed. The go-to-market is reinforced by an active content program — webinars and educational blog content — designed to deepen relationships with the referring advisor community and support inbound client development across the multi-province footprint.

Name

Solus Trust Company

Legal name

Solus Trust Company

Website

https://solustrust.ca

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Solus Trust Company is a federally chartered Canadian trust company providing independent trustee, executor, and power of attorney services to high-net-worth individuals and families across five provinces, operating as a wholly owned subsidiary of Raymond James Ltd.

Ownership category

akta.pro rank

Product category

Trust Services

NAICS

Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Personal & Family Trust Services (FSAAANAA)

akta.pro secondary industries

Fiduciary Agency & Trustee-for-Hire Services (FSAAANAL), Personal Trust & Fiduciary Administration (FSAEAKAA)

Keywords

• Trust company services
• Estate administration
• Executor services
• Trustee services
• Fiduciary services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Trust and Estate Services: Professional trust services including trustee services, executor services, and power of attorney services provided to individuals and families. Revenue is generated through fees for these professional fiduciary services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Solus Trust Company is a federally chartered Canadian trust company that provides fiduciary services to high-net-worth individuals and families, acting as Trustee, Power of Attorney, and Executor. Services are delivered through a partnership model with professional advisors (financial advisors, lawyers, and accounting professionals) across Canada. The company is independently owned and does not sell investment or insurance products, eliminating conflicts of interest in its fiduciary role.

Product overview

Solus Trust Company offers professional estate and trust services as a federally chartered trust company regulated by the Office of the Superintendent of Financial Institutions (OSFI). The company provides a suite of services including Trustee Services, Executor Services, and Power of Attorney Services. Solus Trust operates as an independent and impartial trust company that does not cross-sell other financial products, allowing clients to maintain their existing relationships with financial advisors, lawyers, and accounting professionals. The company is an affiliate of Raymond James Ltd. and serves clients across Canada.

Differentiator

Problem solved

Functional benefit

Products and services

• Trustee Services
• Power of Attorney Services
• Executor Services
• Estate and Trust Solutions

Quantifiable outcome

• Independent approach eliminates conflicts of interest

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered primary.

• Raymond James Ltd.primaryOthersSolus Trust Company is a wholly owned subsidiary of Raymond James Ltd. (RJL) and an affiliate of Raymond James. STC provides trust services across Canada. RJL is a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund.
• Raymond James Financial, Inc.primaryOthersUltimate parent company of Solus Trust Company. Raymond James Financial, Inc. (RJF) is the ultimate parent company that may establish enterprise-wide policies governing RJL and its subsidiaries.

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Olympia Trust Company: Olympia Trust is a Canadian independent, federally regulated trust company offering self-directed registered plans, corporate trustee services, and estate-related products. It is a direct peer of Solus Trust in the independent Canadian trust company category, with overlapping personal trust, executor, and custodial services.
• Aviso Trust: Aviso Trust is the federally regulated trust company within the Aviso Wealth ecosystem (formerly Industrial Alliance), providing personal trust, estate, and registered plan services in Canada. It is a direct peer to Solus Trust in the federally chartered trust category, with overlapping trustee and estate services for HNW and advisor-sourced clients.
• Concentra Trust: Concentra is a Canadian independent trust company providing custodial, administrative, and trust services to financial institutions and advisors. It is closely comparable to Solus Trust as a federally regulated trust company competing outside the big-bank trust subsidiaries, though it skews more toward institutional and custodial mandates versus Solus's HNW personal trust focus.
• Computershare Trust Company of Canada: Computershare Trust Company of Canada is a federally chartered Canadian trust company providing transfer agent, trustee, and fiduciary services for public companies, plan sponsors, and individuals. It is a direct peer to Solus Trust in the federally chartered trust company category, though it is far larger and focused more on corporate/issuer and employee-plan trust mandates.

Broad incumbents

• Scotia Trust Company: Scotia Trust Company is the personal trust subsidiary of Scotiabank, offering trustee, executor, and estate administration services in Canada. It is a broad incumbent peer to Solus Trust in personal trust services, distinguished primarily by its bank-affiliated distribution and broader product set.
• TD Waterhouse Private Trust Company: TD Waterhouse Private Trust is the trust subsidiary of TD Bank Group, providing estate, executor, and trustee services to HNW clients in Canada. It is a broad incumbent competitor to Solus Trust: similar services, but offered alongside TD's broader wealth and banking platform with cross-sell incentives.
• CIBC Mellon Trust Company: CIBC Mellon Trust is the joint-venture trust company between CIBC and BNY Mellon, providing personal trust, estate, and asset servicing in Canada. It is a broad incumbent peer to Solus Trust, with comparable trustee and executor capabilities but a much larger scale, institutional custody focus, and bank-affiliated distribution.
• Manulife Trust Company: Manulife Trust is the federally chartered trust subsidiary of Manulife Financial, offering individual trust, estate, and segregated fund contract services. It is a broad incumbent peer to Solus Trust in federally regulated personal trust, but is part of a large insurance and wealth platform rather than an independent specialist.
• BMO Trust Company: BMO Trust Company is the Schedule I bank-owned trust subsidiary of Bank of Montreal, offering personal trust, estate, and executor services to HNW clients across Canada. It is a broad incumbent competitor: it competes directly with Solus Trust on trustee and executor mandates, but does so as part of BMO's wider wealth management and banking platform, with embedded cross-sell that conflicts with Solus's independent model.
• Royal Trust Corporation of Canada: Royal Trust is the personal trust subsidiary of Royal Bank of Canada, one of the largest trust companies in Canada with deep HNW estate and trustee services. It competes with Solus Trust for executor, trustee, and POA mandates but does so as part of a multi-product bank-owned platform, in contrast to Solus's pure-play independent positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/sharer.php
• LinkedInlinkedin.com/company/solus-trust

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Solus Trust Company