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CANACCORD GENUITY GROUP INC. THROUGH ITS AUSTRALIAN OPERATION ANNOUNCES ACQUISITION OF WILSONS ADVISORY
CANACCORD GENUITY GROUP INC. THROUGH ITS AUSTRALIAN OPERATION ANNOUNCES ACQUISITION OF WILSONS AD...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n\n\n\n CANACCORD GENUITY GROUP INC. THROUGH ITS AUSTRALIAN OPERATION ANNOUNCES ACQUISITION OF WILSONS ADVISORY\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Agreement substantially increases the scale of the Company's Australian wealth management business and establishes a strong platform for continued growth\n \n\n\n\n\n TORONTO\n \n and\n \n SYDNEY\n \n\n ,\n \n\n Aug. 20, 2025\n \n\n /CNW/ - Canaccord Genuity Group Inc. (TSX: CF) (the \"Company\") is pleased to announce that through its Australian operation, Canaccord Financial Group (\n \n Australia\n \n ) Pty Limited (\"Canaccord Genuity Australia\") it has finalized the terms of a share sale agreement (the \"Offer\") to acquire 100 percent of Wilsons Advisory (\"Wilsons\").\n \n\n The acquisition supports the Company's strategy of increasing the scale of its wealth management operations and enhancing its capital markets capabilities in a key growth market. The transaction also provides an enhanced national footprint, with expanded capabilities spanning\n \n New South Wales\n \n ,\n \n Victoria\n \n ,\n \n Queensland\n \n ,\n \n Western Australia\n \n and\n \n South Australia\n \n .\n \n\n Founded in 1895, Wilsons Advisory is a premier Australian financial services business, with a nationwide presence and strong capabilities in wealth management and capital markets. For the year ended\n \n June 30, 2025\n \n , Wilsons earned net revenue of AUD\n \n $81 million\n \n and had AUD\n \n $16.7 billion\n \n in assets under advice, of which AUD\n \n $7.1 billion\n \n are fee-based assets.\n \n\n The combined wealth management entity is positioned to emerge as a leading integrated firm in\n \n Australia\n \n with approximately AUD\n \n $17.0 billion\n \n in fee-generating client assets and a total of AUD\n \n $41.8 billion\n \n in assets under advice with a substantial platform for continued growth.\n \n\n The unified capital markets division will provide comprehensive corporate financing and advisory services for emerging and established companies acros...