Canaccord Genuity Wealth Management in the UK and Crown Dependencies has reported client assets reached £33bn at the end of its full fiscal year.
This represented an increase of 2.8% from £32.1bn at the end of the fourth quarter of fiscal 2022, and relatively unchanged from the previous quarter.
The wealth manager booked revenue of £63.1m during the same period, which was an increase of 33.3% compared to the same quarter of the previous year. That brought full year revenue to £215.2m, an 18.6% rise.
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Net income excluding significant items was up 15% to £16m before taxes for the fourth quarter. It reached £53.8m for the full year, an 8.4% rise.
CEO David Esfandi (pictured) said: “Our strong results reflect the successful integrations of recent year acquisitions and also the excellent service we continue to provide to our clients.
“We remain committed to harnessing improvements to our investment proposition, distribution channel, financial planning capabilities and digital offering – all essential ingredients to our best-in-class wealth management proposition.”
