LONDON, January 29, 2019 /PRNewswire/ --
Canaccord Genuity expands its
regional UK coverage with the addition of an award-winning
financial advisory firm
Canaccord Genuity Group Inc. (TSX: CF, the "Company") is pleased
to announce that, through its UK & Europe based wealth management business,
Canaccord Genuity Wealth Management ("CGWM (UK)"), it has acquired
Worcester-based financial advisory
firm, McCarthy Taylor Ltd. ("McCarthy Taylor").
This development further supports the Company's strategy of
growing its wealth management operations and service offerings. The
addition of McCarthy Taylor advances CGWM (UK)'s objective of
expanding its national footprint and broadening its offering of
fully integrated investment and wealth planning services.
Founded in 1998, McCarthy Taylor is an independent financial
advisory firm headquartered in Worcester with award-winning Chartered
Financial Planners serving clients across the Midlands. The
firm provides bespoke financial planning and discretionary
investment management and manages client assets of approximately
£171 million[1].
David Esfandi, Chief Executive
Officer of CGWM (UK) said: "The acquisition of McCarthy Taylor
represents an opportunity to expand our Midlands presence and creates a regional
financial planning centre of excellence, which will be fully
supported by our broader UK team. Together we share an unwavering
commitment to expanding our offering of best-in-class fully
integrated investment management and wealth planning services to
discerning investors across the UK."
Paul Taylor, Founder, CEO and
majority shareholder of McCarthy Taylor will continue to be
actively involved in the business to help facilitate a successful
transition to CGWM (UK).
"Today marks an exciting chapter in the evolution of our
business, and I am confident that joining Canaccord Genuity Wealth
Management will bring significant benefits for our clients and our
employees as we expand our services and opportunities," said
Paul Taylor, CEO of McCarthy Taylor.
"I look forward to working with our new colleagues to leverage our
complementary resources and expertise and build upon the success
that we have built for our business over 21 years in the
Midlands."
McCarthy Taylor was advised by Asgard Partners Ltd.
ABOUT CANACCORD GENUITY WEALTH MANAGEMENT
The wealth management operations of the Canaccord Genuity group
(Canaccord Genuity Wealth Management) provide comprehensive wealth
management solutions and brokerage services to individual
investors, private clients, charities and intermediaries through a
full suite of services tailored to the needs of clients in each of
its markets. Canaccord Genuity Wealth Management has Investment
Advisers (IAs) and professionals in Canada, the UK, Jersey, Guernsey, the Isle
of Man and Australia and
has advisors in Canada who are
registered in the US. In Canada,
Canaccord Genuity Wealth Management is a division of Canaccord
Genuity Corp. In the UK, Canaccord Genuity Wealth Management
operates as Canaccord Genuity Wealth Limited, Canaccord Genuity
Financial Planning Limited and Hargreave Hale Limited and, in the
Channel Islands and the
Isle of Man, as Canaccord Genuity
Wealth (International) Limited. Canaccord Genuity Wealth Management
deals with US persons through Canaccord Genuity Wealth Management
(USA) Inc.
To learn more about CGWM (UK),
visit https://www.canaccordgenuity.com/wealth-management-uk/
ABOUT CANACCORD GENUITY GROUP INC.
Through its principal subsidiaries, Canaccord Genuity Group Inc.
(the Company) is a leading independent, full-service financial
services firm, with operations in two principal segments of the
securities industry: wealth management and capital markets. Since
its establishment in 1950, the Company has been driven by an
unwavering commitment to building lasting client relationships. We
achieve this by generating value for our individual, institutional
and corporate clients through comprehensive investment solutions,
brokerage services and investment banking services. The Company has
wealth management offices located in Canada, the UK, Guernsey, Jersey, and the Isle of Man and Australia. Canaccord Genuity, the
international capital markets division, operates in North America, UK & Europe, Asia,
Australia and the Middle East. We are driven by your
success.
Canaccord Genuity Group Inc. is publicly traded under the symbol
CF on the TSX.
ABOUT MCCARTHY TAYLOR LTD.
Founded in 1998, McCarthy Taylor is a multi-award winning
financial services firm that operates on the principle of providing
wholly independent and impartial financial advice and discretionary
wealth management services for individual and corporate clients. As
reflected by its Corporate Chartered status, the firm is
steadfastly committed to high standards of knowledge professional
development and staffed with a like-minded team of Chartered
advisers. McCarthy Taylor has received numerous prestigious awards
including Gold Standards Awards in 2012, 2013 and 2014; Winner of
the FT's Financial Adviser Small IFA of the Year Award 2013;
Moneyfacts Investment Life & Pensions Awards for Retirement
Adviser of the Year 2013, West Midlands Insurance Institutes Award
as Financial Planning Company of the Year 2013 and has been a Top
100 IFA Firm for the last four years running with New Model
Adviser.
Investor and media relations inquiries: Christina Marinoff, Vice President, Investor
Relations & Communications, Canaccord Genuity Corp.,
416-687-5507, cmarinoff@cgf.com ,
http://www.cgf.com/investor-relations
[1] As of January 4, 2019