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CANACCORD GENUITY GROUP INC. THROUGH ITS WEALTH MANAGEMENT BUSINESS IN THE UK, ANNOUNCES ACQUISITION OF INTELLIGENT CAPITAL
CANACCORD GENUITY GROUP INC. THROUGH ITS WEALTH MANAGEMENT BUSINESS IN THE UK, ANNOUNCES ACQUISIT...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n \n \n \n CANACCORD GENUITY GROUP INC. THROUGH ITS WEALTH MANAGEMENT BUSINESS IN THE UK, ANNOUNCES ACQUISITION OF INTELLIGENT CAPITAL\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n ,\n \n LONDON\n \n and\n \n GLASGOW, Scotland\n \n \n ,\n \n \n Nov. 9, 2023\n \n \n /CNW/ - Canaccord Genuity Group Inc. (TSX: CF) (the \"Company\") is pleased to announce that through its wealth management business in the UK and Crown Dependencies (\"CGWM UK\"), it has entered into a share purchase agreement to acquire Intelligent Capital.\n \n \n The transaction supports CGWM's strategy of investing in the growth and success of its wealth management business while continuing to increase the scale of its financial planning capacity.\n \n \n Founded in 1999, Intelligent Capital is a financial planning business based in\n \n Glasgow, Scotland\n \n with £220.0 million in client assets. Upon completion of the transaction, the professionals and clients of Intelligent Capital will operate under the Adam & Company brand, which represents the Scottish operating business of CGWM UK. Intelligent Capital's core client proposition will remain unchanged, and their financial planners will be fully supported in continuing to directly manage their client relationships. Together, Intelligent Capital and Adam & Company will become a significant wealth management business in\n \n Scotland\n \n with further growth potential.\n \n \n \n David Esfandi\n \n , Chief Executive Officer of CGWM UK said: \"We are excited to be joined by a strong team of deeply experienced financial planning professionals from Intelligent Capital. We have had an excellent experience since entering the important Scottish market in 2021, and the addition of a new office in\n \n Glasgow\n \n gives us more expertise in the region to meet the growing demand for our outstanding integrated wealth management offering.\"\n \n \n \n David Bremner\n \n , Intelligent Capital's largest shareholder and current Managing Director will join the executive leadership team of...