As the number of affluent Canadian families doubles over the next 10 years, the country's financial advisors will need to develop new skills and add to their wealth management services to ensure they meet the needs of this growing population segment, according to the latest survey from CSI, Canada's financial education leader.

A survey by CSI, the Canadian financial education business, showed that high net worth families are looking for integrated wealth management, but only 1 out of 10 respondents say they are receiving the services they need and want more than investment advice.

"They are looking for someone to develop a strategic wealth plan that looks at all of their assets and is designed to grow and preserve net worth through all their life stages," said Dr Roberta Wilton, president and chief executive of CSI in a statement. 

According to the survey, 80 per cent of affluent Canadians who use multiple advisors could not identify a single one among them who could provide comprehensive strategic wealth management. Strategic wealth management services include tax consultation, family trust and holding company advice, succession planning, post retirement income plans, and other wealth management solutions.

The survey, which polled 400 affluent households across Canada, took place in early 2008, with the objective to gauge the need for comprehensive wealth management among this population segment.