Canaccord Genuity’s UK wealth business reports 11% AUM rise

Added 5th August 2016

Canaccord Genuity Wealth Management UK has reported an 11% year-on-year rise in assets under management at the end of its first fiscal quarter.

Canaccord Genuity’s UK wealth business reports 11% AUM rise

The wealth manager now looks after £12.9bn (€15.2bn, $16.9bn) of client money in local currency terms across various portfolios.  

During the quarter ending 30 June 30 parent company Canaccord Genuity Group, generated $206.2m in revenue. Excluding significant items it recorded net income of $8.1m.

President and chief executive of the group Dan Daviau said: "With the benefit of our recently upgraded platform and a commitment to exceptional client service, I am also pleased to say that our teams successfully managed the elevated trading volumes following the news of the Brexit referendum outcome. This strong franchise continues to deliver stable, recurring revenues and net income for our firm."

 

 

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Alex Sebastian

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Alex joined Portfolio Adviser in April 2014 and has been a financial journalist since 2008. He has previously held editorial positions at the Financial Times Group and Euromoney Institutional Investor. Alex is NCTJ qualified and has a degree in economics from the University of Sussex.

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