Wealth management firm Canaccord Genuity saw its revenue and client assets in the UK and Crown Dependencies increase in the year to 31 March 2025, its latest results report has revealed.

The firm’s client assets in the UK and Crown Dependencies rose by 7.7 per cent over the year to the end of March 2025, from £34.6bn to £37.2bn.

Canaccord Genuity said the increase was driven by net new assets from acquisitions, market growth, and foreign exchange movement.

Total client assets in Canaccord Genuity’s global wealth management business rose by 15.9 per cent year-on-year to $120.4bn.

Its wealth management operations in the UK and Crown Dependencies generated $117.6m in the first quarter of 2025, an increase of 11.5 per cent year-on-year and a new record quarterly revenue for the firm.

Global revenue for the 2024/25 financial year totalled $449.8m, up by 9.3 per cent year-on-year.

The firm’s advisory revenue in Q1 2025 rose by 30.4 per cent year-on-year to $89.8m, which it said reflected improving contributions from its US and UK businesses, while advisory revenue for the 2024/25 financial year totalled $305m.

Commenting on the results, Canaccord Genuity Group chair and CEO, Dan Daviau, said: “We delivered impressive top-line growth in both the three- and 12-month periods, driven by record performances in wealth management and robust advisory activity in capital markets.

“Our wealth businesses continue to execute against clearly defined business plans focused on sustainable growth and profitability, and we are cautiously optimistic for improving activity levels in capital markets.

“Continued advancement of our organic and inorganic growth initiatives, combined with firm-wide cost-efficiency efforts, is expected to further improve our firmwide operating margins in the coming fiscal year.”

---