Company Information

Get to know concentra financial

Originally founded in 1952 as the Co-operative Trust Company of Canada, the company became Concentra Financial in 2005. It operated as a Schedule I bank, serving as a B2B wholesale bank and trust company for Canada's credit unions. Its core mission was to provide essential services such as commercial lending, residential mortgages, securitization, treasury services, and trust services to enhance the competitiveness of its credit union clients. In April 2021, Concentra Financial rebranded to Wyth Financial to reflect a broader, more modern, and digital-first approach. Subsequently, Wyth Financial was acquired by Equitable Bank in 2022 and its operations were integrated.

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Financial Other Service

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concentra financial

Canada

Founded in

2005 (21 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.