CGWM, the group’s UK and European operation, posted a rise in discretionary and non-discretionary assets from CAD$13.1bn at 31 Dec 2012 to CAD$5.9bn at 31 March 2013.
This month saw the group rebrand all its wealth management businesses under the CGWM tag, replacing Canaccord Wealth Management, the Canadian and Australian operation, Collins Stewart Wealth Management, servicing the UK and Europe, and Eden Financial in the UK.
Canaccord Financial also owns a 50% stake in BGF Equities.
Paul Reynolds, president and CEO of Canaccord Financial, said this fiscal year was pivotal.
He said of the integrations: "We eliminated significant costs, aligned staffing levels with market opportunities and grew our cross-border client services. Together, these activities have strengthened our business and meaningfully enhanced our operating margins since the beginning of the year."
The UK and European arm of CGWM posted CAD$26.7m in revenue and net income of CAD$6.3m, before taxes and excluding significant items.
The group said over half its revenue was now from operations outside of Canada, diversifying and improving consistency of its revenue streams.
Reynolds added: "Our acquisition of Collins Stewart enhanced our sector coverage considerably, which has played an important role in our ability to offset supressed resource sector activity. It also expanded the scope of our international operations."
