Canaccord Genuity Wealth Management
Canaccord Genuity Wealth Management provides clients with the focused and personalized service that they expect from a local investment manager, with the added benefit of the vast resources, expertise and support uniquely available from a global financial institution. We have continued to add scale across our wholly owned wealth management operations through acquisitions and recruiting, creating a stable financial foundation which is contributing to a more predictable business, with greater consistency of earnings.
With strong business momentum and a collaborative culture, Canaccord Genuity Wealth Management continues to be a very attractive destination for top industry talent and the clients they serve.
UK & Europe
Top 10 wealth manager in the UK & Europe by assets
In the UK & Europe, Canaccord Genuity Wealth Management investment professionals and fund managers provide highly tailored discretionary portfolio management, advisory and execution stockbroking, wealth planning and fund management services to individual investors, institutions and charities. With more than 70% of revenues from recurring, fee-based assets, our wealth management operations in the UK & Europe are an important driver of our firm-wide stability.
We continue to advance our objectives of expanding our national footprint across the UK and broadening our offering of fully integrated investment and wealth planning services.
On track to become leading independent Canadian wealth management business
Our Canadian wealth management business has investment advisory teams operating from a network of offices across the country, providing a full range of investment advisory and wealth planning strategies with an emphasis on bespoke services to meet the unique needs of their clients. Since 2016, we have welcomed 37 IA teams with more than $9.0 billion in client assets, demonstrating our unique ability to drive success regardless of the value proposition to clients.
We have made excellent progress against our strategic priorities of increasing client assets and driving better returns, as we help new and existing advisors grow.
Canaccord Genuity Wealth Management has offices in Melbourne, Sydney and Perth and our advisors provide comprehensive wealth management solutions to growing numbers of clients in Australia and Southeast Asia. The exceptional performance of our capital markets business in the region has created an opportunity to expand this business and we anticipate that Australia will contribute a greater share of growth for our global wealth management operations, as we further progress with our growth plans.
(1) These figures exclude significant items. Figures excluding significant items are non-IFRS measures. See Non-IFRS Measures on page 14 of our MD&A.
(2) Assets under administration, management and management contract.