Canaccord Wealth agrees acquisition of EFG Harris Allday

Canaccord Genuity Group has agreed to acquire the front office teams and client assets of EFG Harris Allday for an undisclosed sum.

The acquisition, which is subject to customary closing conditions and expected to complete in the second half of 2026, was agreed through Canaccord Genuity’s wealth management business in the UK and Crown Dependencies, Canaccord Wealth.

EFG Harris Allday is currently operating as a division of EFG Private Bank, which is part of EFG International.

It is a UK-based wealth management business that targets high net worth (HNW) clients, primarily in the Midlands.

The business manages approximately £3.1bn of client assets and generated annual revenue of £20.3m in 2025.

EFG Harris Allday has teams in Birmingham and Shrewsbury, and Canaccord Wealth said its acquisition would strengthen its position in the UK wealth management space.

Advisers will gain access to expanded capabilities and infrastructure through a wider range of wealth planning advice and investment solutions, the wealth manager added.

“We are pleased to welcome the talented professionals from EFG Harris Allday, who share our ambition to deliver the very best client service and outcomes,” said Canaccord Wealth (UK) chief executive officer, David Esfandi.

“This acquisition is a strong strategic fit, adding to our established teams and capabilities while also expanding our footprint across the Midlands with the addition of a new office in Shrewsbury.

“Importantly, it creates an opportunity to bring our established wealth planning capability to a broader group of clients across the region. By combining EFG Harris Allday's strong client relationships and investment expertise with our financial planning advice, we can offer clients a truly integrated wealth management experience.

“Clients will continue to benefit from the personalised wealth management service they value today, while gaining access to the broader capabilities of Canaccord Wealth.

“This includes our centralised investment process and model portfolios, alongside an integrated approach that brings together wealth planning, investment management and a wide range of solutions for HNW individuals, while maintaining the personal relationships that matter most."

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