The Financial Post reports in its Friday edition that Bank of Nova Scotia plans to add hundreds of financial advisers to boost sales of mutual funds and investment products, part of a sweeping overhaul by the new management team to improve shareholder returns. A Bloomberg dispatch to the Post says that about 10 per cent of Scotiabank's retail clients in Canada invest through the bank in mutual funds, according to wealth management head Jacqui Allard. For clients of digital-banking division Tangerine, that figure drops to 6 per cent. The percentages are low in part because Scotiabank does not have as many financial planners and other investment specialists in its Canadian branches as competing banks do, she said. "That's something we absolutely have to close the gap on," Ms. Allard told analysts and shareholders during an investor day on Wednesday. Doubling the number of in-branch and "mobile advice" advisers will mean adding as many as 600 people to those teams over several years, she added. Many of those roles will go to existing Scotiabank employees. Canada's third-largest bank unveiled an updated strategy that emphasizes growth in higher-return businesses in North America while pulling back internationally.