Canaccord Genuity Wealth Management is an award-winning wealth manager, providing integrated wealth management services.
With offices covering multiple jurisdictions in London, Guernsey, Jersey and Isle of Man, they manage and administer more than £14 billion of assets on behalf of over 12,000 clients.
Canaccord Genuity Wealth Management is part of Canaccord Genuity Group Inc., a publicly traded company on the Toronto Stock Exchange.
Canaccord Genuity Group Inc. is a leading financial services firm operating in wealth management and capital markets.
Canaccord Genuity Wealth Management provide a broad range of Wealth Management services, at the core of which, and for individuals with over £250,000 to invest, is their Discretionary Portfolio Management offering.
The organisation’s investment professionals will build and run a bespoke/personalised portfolio on a client’s behalf, investing in stocks, bonds and alternative asset classes.
They will also invest in third party investment funds for added diversification where appropriate.
Those with less than £250,000 are able to invest in Canaccord’s unitised discretionary portfolio option.
Portfolios are designed and run to meet client’s “precise” needs, but capital will solely be invested in investment funds, not the individual underlying assets, although on closer inspection, the “precise” solution looks to be investment into their in-house “Select Fund” range comprising of seven options.
Whilst we think 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 process.
In addition, and for those with a minimum of £50,000 to invest, Canaccord offers via its intermediary services a Managed Portfolio Service (MPS) that delivers a range of risk-rated discretionary portfolios for clients who do not require a tailored portfolio.
MPS offers a range of seven portfolios that invest in collectives and ETFs, and seven MPS direct portfolios that invest directly into UK equity and bond holdings. They provide investment exposure from fixed income on a cash plus basis, through to aggressive equity growth.
These can be accessed directly or via a platform.
Fees and charges depend on the service opted for. We have outlined below the basic charges for Managed Services via an intermediary.
We highlight that these are Canaccord’s charges, your adviser is likely to charge between 1% and 1.5% on top, and there may also be wrapper charges of over 1% that you will be paying.
Annual Management Fee:
First £1m of portfolio value 0.75%
Thereafter 0.50%
Dealing charge of £30 applied to each transaction.
Private investors can choose from a range of services direct: -
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. And their in-house experts select investments from the open market to create a range of quality investment opportunities for an IFA's clients.
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.
Canaccord 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 good, albeit not earth shatteringly brilliant - but then, my tolerance for risk probably affects that.
Whilst Canaccord Genuity Wealth Management is a respected name and they provide a range of international actively managed DFM solutions, we believe that there are still better alternatives.
If you already have a Discretionary Managed Portfolio with Canaccord Genuity Wealth Management , and it is worth £50,000 or more, we recommend you have a free, no obligation X-Ray Review™ conducted to give you the information you need to make a decision on the best way forward.
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