Canaccord Genuity Wealth Management

An independent review by our team of experts

Canaccord Genuity Wealth Management is an award-winning wealth manager, providing integrated wealth management services.

They manage and administer more than £29.7bn of assets (as at 31 December 2020).

Canaccord Genuity Wealth Management is part of Canaccord Genuity Group Inc., a publicly traded company on the Toronto Stock Exchange.

The Group has offices in 10 countries, including wealth management offices in the UK, Channel Islands, Isle of Man, Canada and Australia. Canaccord Genuity, their international capital markets division, operates in North America, the UK and Europe, Asia, Australia and the Middle East.

Canaccord Genuity Wealth Management provide a broad range of Wealth Management services, at the core of which is their Discretionary Portfolio Management offering.

With this service, their investment managers build and run a personalised portfolio on your behalf, without needing to ask your permission each time they want to make an adjustment.

The key features of Canaccord Genuity Wealth Management's DFM services include:

Access to a wide range of asset classes and markets.
A dedicated investment manager that builds you a unique portfolio tailored to your wishes and risk appetite.
You will be informed on the performance of your portfolio and the actions taken to optimise it.
You can get 24/7 account access via their CG Wealth Online service.
Their discretionary portfolios invest in individual stocks and bonds, and other alternative asset classes.
They also invest in third party investment funds, for added diversification and access to a wide range of fund managers.
Canaccord Genuity Wealth Management are not tied to inhouse funds.

Charges and costs:

The highly personalised nature of a discretionary portfolio management service means the total cost you will pay is affected by a number of variables.

For example, your individual tax situation, your long-term goals, stamp duty if applicable, currencies, overseas dealing, the extent you are invested in third party funds and so on.

As a private client of Canaccord Genuity Wealth Management, your investment manager will keep you up-to-date on the total fees you are paying.

You will also receive a quarterly report which will give you a full breakdown of costs.

Investment process:

Based on a global asset allocation framework, their analytical investment process includes an in-depth research, continuous monitoring and the interaction of a number of investment committees.
Each layer of their investment process must be aligned before your dedicated investment manager can start to create a risk-adjusted portfolio tailored to your individual needs.
Canaccord Genuity Wealth Management can offer you a range of different investments, including securities, equities, funds, exchange-traded funds (ETFs), investment trusts, alternatives, bonds and cash.
They claim to structure your investments tax effectively, including SIPPs and ISAs.
Their in-house experts select investments from the open market to create a range of investment opportunities for you.
Canaccord Genuity Wealth Management offer nine different risk profiles to suit your attitude to risk and claim to regularly check your portfolio against the industry benchmarks.

NOTE:

While we think the options are perhaps a little limited, they do provide investors with exposure to multiple asset classes including equities, bonds, commodities and alternative investments that mirror Canaccord’s rigorous investment and risk management.
We would recommend reading the 'expert verdict' section of this review to make an informed decision.

Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:

Academic evidence only shared with a select few firms across the world
A real-life example of why you should never try to outguess the market
Why a fund's past performance is not enough to predict future returns
Why you need to focus on what you can control and why this leads to a better investment experience
Why you should accept the markets for what they are
What can impact behaviour and make people seek instant gratification

The Pros

> Online facilities

> Good service and accessibility

The Cons

> Expensive way to invest

> Active methodology is academically questionable

What services do Canaccord Genuity Wealth Management offer private investors?

Private investors can choose from a range of services direct: -

Portfolio managment
Stockbroking services including execution only, advisory service and corporate share dealing schemes
Wealth planning, and
Funds

What's Canaccord's investment process when a client comes via an IFA?

Canaccord say their goal is to meet an IFA's clients’ personal investment needs, and achieve the best possible returns for each client’s chosen level of risk.

They use a global asset allocation framework, an analytical investment process, in-depth research, continuous monitoring and the input of a number of investment committees.

They offer a range of different investments, including securities, equities, funds, exchange-traded funds (ETFs), investment trusts, alternatives, bonds and cash.

They have their own in-house portfolio risk management calculator, build portfolios from their own approved lists and actively (read expensively!) manage and monitor investments, aiming to maximise returns and minimise losses.

The information in this material is intended for the recipient’s background information and use only. It is provided in good faith and without any warranty or, representation as to accuracy or completeness. Information and opinions presented in this material have been obtained or derived from sources believed by AES to be reliable and AES has reasonable grounds to believe that all factual information herein is true as at the date of issue. It does not constitute investment advice, recommendation, or an offer of any services or products for sale and is not intended to provide a sufficient basis on which to make an investment decision. It is the responsibility of any persons wishing to make a purchase to inform themselves of and observe all applicable laws and regulations. Unauthorised reproduction or transmitting of this material is strictly prohibited. AES accepts no responsibility for loss arising from the use of the information contained herein.

‘AES’ refers to the AES Group’s separate but affiliated entities generally, rather than to one particular entity. These entities are AES Middle East Insurance Broker LLC registered with the UAE Ministry of Economy, United Arab Emirates, Licence no. 571368, and Commercial Registration no. 75162 and regulated by the UAE Central Bank license no. 189; AES Financial Services Limited, incorporated and registered in England and Wales with company number 06063185, authorised and regulated by the UK Financial Conduct Authority FRN: 464494; AES Financial Services (DIFC) Ltd, registered in the Dubai Financial Centre (DIFC) as a foreign company, license no.2128, and regulated by the Dubai Financial Services Authority (DFSA) Reference No F003476; AES International Limited, a private company incorporated and registered in the British Virgin Islands with company number 1839872; AES International Global Limited, a private company incorporated and registered in the British Virgin Islands with company number 1887885. Please visit our authorisations page for further information on regulation, redress and accessibility.

If you are outside the UK and we advise you or carry out other business, nearly all the rules, regulations and arrangements made under the UK regulatory regime (including the rules made by the FCA and the dispute resolution process provided by the UK Financial Ombudsman Service) will not apply to most aspects of the service you receive, such advice or business being provided from outside the UK. You should therefore clearly understand such rights and protection as are afforded in the jurisdiction where you receive advice. Local law, regulation and redress processes will apply in almost all cases, and will be different from that of the UK.

RISKS

Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investment, when redeemed, may be worth more or less than the capital invested. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful. For further information, please click here.

Canaccord Genuity Wealth Management

An independent review by our team of experts

REVIEW SUMMARY