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REVIEW SUMMARY

Canaccord Genuity Wealth Management

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.

Overview
FAQ
Customer Reviews
Expert Verdict

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.


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.

Happy with the service...

Canaccord Genuity say "to us there are no foreign markets" on some of their literature - that struck me as a positive. 

I'm an expat with money here there and in need of managing everywhere. I'm happy with the service I'm getting, the results are decent, albeit not good - but then, my tolerance for risk probably affects that.

Expert assessment of Canaccord Genuity Wealth Management

Canaccord Genuity Wealth Management provides a range of international actively managed DFM solutions, however, there are better alternatives.

If you already have a Discretionary Managed Portfolio with Canaccord Genuity Wealth Management, and it is worth £250,000 or more, we strongly recommend you seek a Second Opinion to ensure you are on track to get and keep the life you want.

Canaccord Genuity Wealth Management - Digital Brochure

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