The deal, which was first announced in December last year, includes Collins Stewart Wealth Management’s assets under management of £7.7 billion and wealth management assets under administration of £14 billion.

Collins Stewart Wealth Management will continue with its current branding until later this year.

Canaccord Financial is a full-service financial services company with operations in two main segments of the securities industry: wealth management and global capital markets. Canaccord Wealth Management had AuA of C$14 billion at the end of last year.