Practice leaders cite service delivery in explaining their move
The Sutherland Investment Group, an advisory team with $1 billion in Assets under Administration in Ottawa, On. has announced they are departing CIBC Wood Gundy and joining Canaccord Genuity.
It’s a move which Canaccord Genuity claims represents a trend in the industry. “Large advisory practices are leaving traditional more bureaucratic banks in favour of boutique wealth management firms that offer integrated technology solutions, robust resources, and the agility required to meet client needs,” their statement announcing the move reads.
“Our team has always been focused on delivering the highest level of service, and we knew we needed a platform that aligned with our forward-thinking approach,” says Fraser Sutherland Portfolio Manager & Investment Advisor at the Sutherland Investment Group. “With Canaccord Genuity Wealth Management, we found an entrepreneurial culture and a tech-forward platform that enables us to elevate our client offering. Here, there’s a shared vision for growth and innovation, and management is committed to providing us with the tools we need to deliver on our clients’ goals.”
In September of this year, Canaccord Genuity announced that BPS Wealth Management, a $1.4bn AUM team based in Vancouver, one of the Best Wealth Management Teams in Canada, would be joining them from CIBC Wood Gundy.
“We are very pleased to welcome Fraser Sutherland and his team to Canaccord Genuity Wealth Management,” says Stuart Raftus, CEO of Canaccord Genuity Corp. “The recent addition of multiple leading advisory teams demonstrates our platform's appeal to elite advisors. In the competitive wealth management advisory channel, top advisors are actively seeking a platform and environment that empowers their teams to deliver on the complexities of their value propositions and achieve the client outcomes they aspire to.”
