In addition to comprehensive investment, wealth and estate planning, and a broad array of third party and proprietary asset management products, our Advisory Teams in Canada, the UK & Europe and Australia are able to provide their clients with access to the world-class ideas, opportunities and expertise that are available across our global platform. We are committed to enhancing the client experience and partnering with our Advisory Teams to drive long term success, together.
In recent years, we have made significant investments to improve the middle- and back-office functions of our global operations. These improvements provide our advisors with complete flexibility to deliver differentiated investment solutions and client service, while providing the necessary infrastructure to advance the scale and scope of our business.
Looking ahead, we will strive to grow our assets under administration and management, with a focus on recruiting quality teams in all regions, in addition to increasing our proportion of fee-based revenues, to support steady, recurring revenue growth.
Canaccord Genuity Wealth Management earned $252.7 million in revenue during fiscal 2016.
In our global wealth management operations, we have worked hard to establish Canaccord Genuity as the leading independent advisory group for the high net worth segment. Our continued focus lies in continuing to grow assets under administration and management, with an emphasis on improving fee-based revenues globally.