Canaccord Genuity boosts UK arm, with newly named head of Wealth Management at Adam & Co
Canaccord Genuity Group Inc. has officially completed its acquisition of Intelligent Capital, as part of its strategic expansion within its wealth management business in the UK and Crown Dependencies, known as CGWM UK.
This marks a significant step in the company's efforts to broaden its wealth management services.
Following this acquisition, the team from Intelligent Capital will transition to operate under the Adam & Company brand, a Scottish operating business within CGWM UK.
This change ensures the preservation of Intelligent Capital's core client proposition, with its financial planners continuing to directly oversee their client relationships.
Moreover, the staff and clients of Intelligent Capital are set to benefit from the comprehensive resources offered by CGWM UK and the wider global platform of Canaccord Genuity Group Inc.
In alignment with this transaction's completion, David Bremner, previously Intelligent Capital's managing director, has been appointed as Adam & Company's Head of Wealth Management – Glasgow.
Bremner will closely collaborate with Matt Phillips, CGWM UK's director of Wealth Planning, and Graham Storrie, head of Adam & Company Wealth Management, to ensure a seamless integration and maintain the high level of service.
David Esfandi, chief executive officer of CGWM UK, expressed his enthusiasm about the acquisition, stating, “We are delighted to be growing our business in Scotland and are working closely with David Bremner to support a successful transition to Adam and Company.”
“We will continue to provide our best-in-class integrated investment and financial planning services to our combined clients and look forward to welcoming our new colleagues on board,” he continued.
