Canaccord Genuity Wealth Management provides clients with the focused, personalized service they expect from a local investment manager, with the benefits and backing of a global financial institution.
In addition to comprehensive investment, wealth and estate planning, our global teams provide clients with investing options from both third party and proprietary financial products, including 40 funds managed by Canaccord Genuity Wealth Management portfolio managers in Canada, the UK, Guernsey, Jersey and the Isle of Man.
We have made significant investments to improve the middle- and back-office functions of our global wealth management operations. These improvements provide our advisors with complete flexibility to deliver world-class investment solutions and client service, while providing the necessary infrastructure to advance the scale and scope of our business.
We have also meaningfully enhanced our training programs over the last several years, to ensure our Advisory Teams, investment professionals and fund managers possess the broad-based expertise required to deliver comprehensive wealth management solutions that meet the evolving needs of our growing client base.
Looking ahead, we will strive to grow our assets under management and administration, and increase our proportion of fee-based revenues, to support steady, recurring revenue growth. As we achieve greater scale, we expect the steady earnings from our wealth management operations will help balance the inherent earnings volatility of our investment banking operations.
Canaccord Genuity Wealth Management earned $257.2 million in revenue during fiscal 2015, an improvement of 12% from the previous year. At the end of the fiscal year, Canaccord Genuity Wealth Management managed and administered $33.3 billion in client assets, an increase of 8% from the previous year.