Canaccord Genuity Wealth Management, the United Kingdom and Europe wealth management arm of Canaccord Group, has bolstered its national presence by taking over Worcester-based financial advisory business McCarthy Taylor.
The Group has offices in 10 countries, including wealth management offices in the United Kingdom, Channel Islands, Isle of Man, Canada and Australia. Canaccord Genuity; our international capital markets division, operates in Canada, the United States, the United Kingdom, France, Ireland, Hong Kong, China, Australia and Dubai.
Since its establishment, the Group has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services.
McCarthy, set up in 1998, offers bespoke financial planning and discretionary investment management services. The firm services clients across the Midlands.
Canaccord Genuity Wealth Management Chief Executive Officer David Esfandi said: “The acquisition of McCarthy Taylor represents an opportunity to expand our Midlands presence and creates a regional financial planning centre of excellence, which will be fully supported by our broader United Kingdom team.”
The acquisition, whose financial terms were not disclosed, adds around £171m to Canaccord’s books.
McCarthy Chief Executive Officer Paul Taylor said: “Today marks an exciting chapter in the evolution of our business, and I am confident that joining Canaccord Genuity Wealth Management will bring significant benefits for our clients and our employees as we expand our services and opportunities.”
Paul Taylor will remain actively involved in the business to ensure a smooth transition.