Canaccord Genuity Wealth Management, UK & Crown Dependencies has announced its financial results for the three months ended 30 September 2023.
Key points
• Revenue: £59.5m, up £6.8m (12.9%) on the same quarter of the previous fiscal year
• Net income: £13.4m before taxes, up £1.6m (13.6%) on the prior year
• Client assets: £31.7bn, a decrease of 1.9% on £32.3bn at the Q2 fiscal 2023 and 2.3% down on the previous quarter
• Pre-tax profit margin: up 22.5%
David Esfandi, CEO of Canaccord Genuity Wealth Management in the UK & Crown Dependencies commented: “Our diverse growth strategy continues to enable a strong set of results. Building our financial planning capability and expanding our national footprint through acquisitions has cemented our commitment to a personalised, integrated wealth management proposition.
"Offering clients first class support through all market conditions remains our priority, as we continue to uphold a culture that allows our colleagues to work in the way they feel is best to meet our clients’ objectives.”