Canaccord Genuity has completed the acquisition of UK-based independent financial planning business Cantab Asset Management.

The acquisition was made through the Canada-based firm’s wealth management business in the UK, Canaccord Genuity Wealth Management UK (CGWM UK).

The deal was first announced in late May 2024, when Canaccord Genuity entered into a share purchase agreement to acquire Cantab.

Under the terms of the deal, the investment professionals and support staff of Cantab will continue their existing roles and will be “fully supported” in directly managing their client relationships.

The professionals and clients of Cantab will also have access to the range of additional resources and thought leadership provided by CGWM UK and the company’s broader global platform.

CGWM UK said that the acquisition further consolidated its position as a top 10 wealth manager in the UK by assets under management and advice.

Commenting on the completion of the deal, CGWM CEO, David Esfandi, said that the integration of Cantab extended its reach into the east of England and strengthened its financial planning capability.

“Adding talented financial planning professionals who share our philosophy is central to our ambitious growth strategy and we are excited to welcome our new colleagues to Canaccord,” he continued.

“Their dedication and expertise will be instrumental in our journey to become the best integrated wealth manager by performance and service.”

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