Canaccord Genuity Expands in UK

Canaccord Genuity has made a significant move in the UK market by expanding its operations. The company has established a strong presence in London, with a team of experienced professionals.

This strategic expansion is a testament to the company's commitment to growth and innovation. With a focus on delivering exceptional client service, Canaccord Genuity is well-positioned to capitalize on the UK's thriving financial sector.

By expanding its operations in the UK, Canaccord Genuity is now better equipped to serve its clients and stay ahead of the competition. The company's expertise and resources will enable it to provide a wider range of services to its clients.

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Canaccord Genuity's UK expansion has been a significant focus area for the company. In 2012, the company acquired Collins Stewart Hawkpoint for $400m, gaining an independent financial advisory firm with research, trading, and wealth management operations.

This acquisition marked a major milestone in Canaccord Genuity's growth strategy. The company went on to acquire Eden Financial, a London-based wealth management business, also in 2012.

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By 2013, Canaccord Genuity had rebranded its global wealth management division to Canaccord Genuity Wealth Management. The company continued its expansion by acquiring Hargreave Hale Ltd the following year.

In 2019, Canaccord Genuity acquired Petsky Prunier and Patersons Securities Limited, further solidifying its presence in the UK market. The company's acquisition spree continued in 2021 with the purchase of the investment management business of Adam & Company from the Royal Bank of Scotland for $94.9 million.

Canaccord Genuity's expansion into the UK market also saw the acquisition of Sawaya Partners, a New York City-based boutique investment bank specializing in consumer and retail, in 2021.

Canaccord Genuity Wealth Management has a strong presence in Canada, the UK & Europe, and Australia, with total client assets amounting to $96.2 billion as of March 31, 2023. This impressive figure is a testament to the firm's commitment to providing top-notch wealth management services.

Their comprehensive suite of products and services includes personalized wealth & estate planning, CG WealthIQ, industry-leading technology, and open architecture products. These offerings enable clients to manage their finances with ease and precision.

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The firm's CEO, Stuart Raftus, oversees the Canadian broker-dealer business, including capital markets operations and CG Wealth Management - Canada. His leadership has been instrumental in driving the firm's success, and he has been recognized as one of the top professionals in the industry.

Their culture is centered around building long-term relationships with clients and providing personalized financial solutions. This approach has earned them a reputation for being a trusted and reliable partner in the financial sector.

Here's a summary of their key products and services:

Canaccord Genuity Wealth Management is a leading wealth management firm with a strong presence in Canada, the UK, Europe, and Australia. Their total client assets amount to $96.2 billion as of March 31, 2023.

They offer a comprehensive suite of products and services, including personalized wealth and estate planning, CG WealthIQ, industry-leading technology, and open architecture products. These services are designed to provide clients with customized portfolio solutions and expert advice.

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In April 2016, Canaccord Genuity Wealth Management announced a strategic partnership with Credit Suisse Asset Management (CSAM), which has likely enhanced their product offerings and services.

Their CEO, Stuart Raftus, oversees the Canadian broker-dealer business, including capital markets operations and CG Wealth Management - Canada. He has a strong background in the industry, having held concurrent roles as President of Canaccord Genuity Wealth Management and EVP of Canaccord Genuity Group.

The culture at Canaccord Genuity Wealth Management is centered around building long-term relationships with clients and providing personalized financial solutions. They prioritize innovation, adaptability, and ethical practices, which is reflected in their commitment to community engagement and philanthropy.

Here are some key services offered by Canaccord Genuity Wealth Management:

In 2023, Canaccord Genuity Wealth Management's total client assets will likely continue to grow, thanks to their strategic partnership with Credit Suisse Asset Management.

Canaccord Genuity Wealth Management has multiple layers of protection in place to safeguard your investments.

CDS, Canada's national securities depository, clearing and settlement hub, is accountable for the safe custody and movement of securities.

The Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF) provide additional protection for client accounts.

The CIPF protects investors from losses due to insolvency of a CIPF member, offering a level of security for your investments.

Assuris protects life insurance solutions purchased through Canaccord Genuity Wealth & Estate Planning Services Ltd.

Canaccord Genuity Wealth Management is a division of Canaccord Genuity Corp., a Member of the Canadian Investor Protection Fund and IIROC.

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Canaccord Genuity has been actively expanding its global wealth management division through strategic acquisitions. It acquired Collins Stewart Hawkpoint for $400m in 2012.

Canaccord Financial acquired Eden Financial, a London-based wealth management business, in the same year. This move marked a significant step in its expansion plans.

In 2013, Canaccord Financial rebranded its global wealth management division to Canaccord Genuity Wealth Management. The firm continued to grow its presence through acquisitions, including Hargreave Hale Ltd.

Worth a look: Global Assets under Management

Canaccord Genuity has also made significant investments in the investment banking space. It acquired Sawaya Partners, a New York City-based boutique investment bank, in 2021.

The firm's M&A advisory expertise is also notable, with notable deals including advising Amaya Gaming Group on its $4.9 billion acquisition of PokerStars and Full Tilt Poker.

In 2004, Canaccord Capital went public on the Toronto Stock Exchange with an IPO price of $10.25 and an estimated valuation of $70 million.

The firm's IPO was a significant milestone, marking a major step towards its growth and expansion.

In 2006, Canaccord Capital acquired Adams, Harkness & Hill Financial Group Inc., a Boston-based broker-dealer, expanding its global presence.

This acquisition was a strategic move, allowing Canaccord to tap into new markets and client relationships.

In 2009, Canaccord Capital was renamed Canaccord Financial, signaling a new era for the company.

The rebranding effort was likely aimed at refreshing the company's image and aligning it with its evolving business model.

In 2010, Canaccord Financial acquired Genuity Capital Markets in a cash and share deal worth about $286 million, further expanding its capabilities.

This acquisition brought on board 135 employees with offices in Canada and the U.S., significantly boosting Canaccord's global reach.

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Canaccord Financial made a significant move into the UK market in 2012 by acquiring Collins Stewart Hawkpoint for $400m. This acquisition brought an independent financial advisory firm with research, trading, and wealth management operations into the company's fold.

In 2012, Canaccord Financial also acquired Eden Financial, a London-based wealth management business specializing in private client investment management. This move further solidified the company's presence in the UK.

Canaccord Financial rebranded its global wealth management division to Canaccord Genuity Wealth Management in 2013. The company continued to expand its UK operations through strategic acquisitions, including the purchase of Hargreave Hale Ltd.

In 2019, Canaccord Genuity made two more acquisitions, adding Petsky Prunier and Patersons Securities Limited to its roster. These moves demonstrate the company's commitment to growth and expansion in the UK market.

In 2021, Canaccord Genuity acquired the investment management business of Adam & Company from the Royal Bank of Scotland for $94.9 million. This acquisition added significant assets to the company's portfolio.

The company continued its acquisition spree in 2021, purchasing Sawaya Partners, a New York City-based boutique investment bank specializing in consumer and retail.

Canaccord Genuity Group Inc. is a participant organization with the Canadian Depository for Securities (CDS), which ensures the safe custody and movement of securities.

CDS is regulated by the Ontario and Quebec securities commissions and the Bank of Canada, with working and reporting relationships with the Canadian Securities Administrators (CSA), other provincial securities commissions, and the Office of the Superintendent of Financial Institutions.

Client accounts with Canaccord Genuity Wealth Management are protected through additional agencies, including the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).

The CIPF protects investors from losses due to insolvency of a CIPF member, providing an extra layer of security for investments.

Canaccord Genuity Wealth Management is a division of Canaccord Genuity Corp., a Member of the Canadian Investor Protection Fund and Canadian Investment Regulatory Organization (CIRO).

Life insurance solutions purchased through Canaccord Genuity Wealth & Estate Planning Services Ltd. are protected through Assuris, providing peace of mind for clients.

Canaccord Genuity Wealth Management is administered and managed by Canaccord Genuity Wealth Management in Canada and affiliated operating companies of the Canaccord Genuity group worldwide.

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