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Canaccord Genuity Completes Strategic Acquisition of Brooks Macdonald Asset Management International

Story Highlights
  • Canaccord Genuity has acquired Brooks Macdonald Asset Management International.
  • This acquisition strengthens Canaccord’s wealth management in Guernsey, Isle of Man, and Jersey.
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Canaccord Genuity Completes Strategic Acquisition of Brooks Macdonald Asset Management International

Canaccord Genuity ( (TSE:CF) ) has shared an announcement.

Canaccord Genuity Group Inc. has successfully completed the acquisition of Brooks Macdonald Asset Management (International) Limited through its UK & Crown Dependencies wealth management business. This strategic acquisition enhances Canaccord’s presence in Guernsey, the Isle of Man, and Jersey, positioning them to better serve international clients with complex needs and ambitions. The integration promises to offer BMI’s professionals and clients deeper resources and a stronger commitment to long-term growth, aligning with Canaccord’s goal to become the best integrated wealth manager in the region by performance and service.

More about Canaccord Genuity

Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm, operating in wealth management and capital markets. Established in 1950, the company is dedicated to building lasting client relationships by providing comprehensive investment solutions, brokerage services, and investment banking. It operates wealth management offices in Canada, the UK, Guernsey, Jersey, the Isle of Man, and Australia, with its international capital markets division active in North America, UK & Europe, Asia, and Australia. The company is publicly traded on the TSX under the symbol CF.

YTD Price Performance: -12.78%

Average Trading Volume: 6,456

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $618.3M

Find detailed analytics on CF stock on TipRanks’ Stock Analysis page.

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