The Globe and Mail reports in its Tuesday edition that Great-West Lifeco is looking to bolster its bottom line by doubling profits from its wealth management business over the next four years. The Globe's Clare O'Hara writes that the wealth division currently contributes about 15 per cent to Great-West Life's base earnings -- or $500-million in 2022. Chief executive officer Paul Mahon plans to see that figure jump to more than $1-billion by 2027. He says, "We are uniquely well positioned to serve the evolving and, in many cases, underserved wealth management needs of existing and potential customers across our business." Part of that growth, he says, will come from an aging population who are seeking advice for the future, as well as "preretirees who are now worried about their preparedness for retirement." Currently, wealth and asset management is the smallest contributor to Great-West's profits. However, in recent years Great-West has steadily been building momentum in the wealth management industry, completing a series of acquisitions during the pandemic, mostly in the United States. It now manages about $218-billion in its wealth and asset management divisions throughout Canada, the United States and Europe.