Canada-based Canaccord Genuity Wealth Management has announced positive financial results for the three-months ended June 30, 2025.

Canaccord Genuity Wealth Management has announced record global quarterly wealth management revenue of C$242.9 million ($177 million) for the three-months ended June 30, 2025, a year-over-year increase of 12.5 per cent on Friday. Client assets in North America rose by 16.9 per cent year-over-year.

The global increase in revenue was largely attributable to higher commissions and fees revenue earned in all geographies, reflecting the firm’s strategy of increasing contributions from fee-based assets.

The firm’s global wealth management division contributed net income before taxes of C$40.8 million in the three-months ended June 30, 2025, a year-over-year increase of 22.7 per cent. Total client assets in the firm’s global wealth management division increased by 18.4 per cent year-over-year to a new record of C$125.3 billion with new highs achieved in all regions. Growth reflects year-over-year increases of 16.9 per cent in Canada, 17.6 per cent in the UK & Crown Dependencies, and 34.3 per cent in Australia.

North America
Client assets in North America reached a new record of C$44.8 billion as at June 30, 2025, an increase of 16.9 per cent from C$38.3 billion at June 30, 2024 and an increase of 4.9 per cent from March 31, 2025. The year-over-year increase was attributable to increases in market values, positive net flows and recruitment activity.

Canaccord Genuity Wealth Management (North America) generated C$94.1 million in fiscal first quarter revenue, an increase of 4.5 per cent compared with the same quarter a year ago. Commissions and fees revenue for the three-month period increased by 10.4 per cent year-over-year to C$72.9 million.

UK & Crown Dependencies
Client assets in the UK & Crown Dependencies reached a new record of C$71.6 billion (£38.3 billion) as at June 30, 2025, a year-over-year increase of 17.6 per cent (an increase of 8.8 per cent in local currency) due to net new assets from acquisitions, market growth, positive net flows and foreign exchange movement. On a sequential basis, client assets increased by 3.4 per cent from C$69.2 billion from the previous quarter.

Wealth management operations in the UK & Crown Dependencies generated revenue of C$125.7 million, an increase of 17 per cent compared with the same period last year; it represents the sixth consecutive quarter of record revenue in this business. Commissions and fee revenue improved by 21.9 per cent year-over-year to C$101.0 million. Net income before taxes excluding significant items was C$29.7 million, up 30.5 per cent year-over-year.

“We have once again delivered record quarterly revenue and our assets under management are at an all-time high. This is driven by our relentless focus on becoming the best integrated wealth manager, by both performance and service,” David Esfandi, CEO of Canaccord Wealth in the UK & Crown Dependencies, said. “Our results reflect the dedication of our colleagues who continue to go above and beyond every day. Our recent acquisitions are helping expand our capabilities, enabling us to deliver an industry-leading experience and even better outcomes for our clients.”

Australia
Client assets in Australia were C$8.9 billion at June 30, 2025, an increase of 34.3 per cent year-over-year. In addition, client assets totaled C$13.6 billion and also held on record in less active and transactional accounts through the firm's Australian platform.

Wealth management operations in Australia also generated a new record of C$23.1 million, an increase of 25.2 per cent year-over-year. Commissions and fees revenue increased by 28.0 per cent year-over-year to C$20.2 million and investment banking revenue increased by 12.0 per cent to C$2.6 million.