Canaccord Genuity WM North America Reports Revenue Rise

Robbie Lawther

2 August 2018

Canaccord Genuity Wealth Management North America reported a 26.7 per cent rise in revenue before taxes for the three months ending on June 30.

Revenue before taxes for the period came in at C$46.8 million . Assets under administration in Canada were C$18.9 billion as at June 30, an increase of 49.3 per cent from C$12.7 billion in the same period last year.

Assets under management in Canada were C$3.7 billion as at June 30, 2018, an increase of 40.6 per cent year-on-year.

Canaccord Genuity Wealth Management reported a year-on-year increase of 13 advisory teams to 148 at the end of the three-month period. Globally, Canaccord Genuity Wealth Management generated C$112.6 million in revenue in the quarter.