Canaccord Genuity Wealth Management UK & Crown Dependencies (CGWM UK) has released its Q3 and year-to-date 2024 financial results.
The business earned revenue of £60.2m during the third quarter of fiscal 2024, an increase of £6.5m (12.1%) on Q3 2023.
It earned revenue of £181.1m for the fiscal year to date, an increase of £29m (19%) compared with the same period of the prior fiscal year.
Net income excluding significant items totalled £15.1m before taxes for Q3, up £0.8m (5.3%) on the same period last year.
Net income excluding significant items was £44.3m before taxes for fiscal year to date, up £6.6m (17.4%) over the same period of the prior fiscal year.
At 31 December 2023, CGWM had client assets of £33.7bn, an increase of 1.4% year-on-year.
Fiscal year-to-date pre-tax profit margin excluding significant items decreased by 0.4 percentage points to 24.5%.