Canaccord Genuity Group has reported revenues of C$377.72m ($284.4m) in the first quarter of fiscal 2021, which is said to be its highest quarterly revenue on record.

This is a 16% rise from C$325.51m in the prior year.

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The company’s net income attributable to common shareholders for the three-month-period ending 30 June 2020 was C$25.13m, an increase of 15% from C$21.85m in the same quarter last year.

Canaccord Genuity Wealth Management generated revenues of C$137.9m globally in the first fiscal quarter, up 6% from a year earlier.

Client assets in the global wealth management business totalled C$68.9bn at the end of the quarter.

Revenues at Canaccord Genuity Wealth Management (North America) were C$57m in the first fiscal quarter, down 2% from the previous year.

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In North America, client assets were C$22.2bn at June-end 2020. This is a 5% rise from last year’s figure of C$21.2bn.

Canaccord Genuity Wealth Management (UK & Europe) earned revenues of C$68m, a fall of 6% from a year ago.

Client assets in the UK & Europe dropped 4% to C$43.6bn from C$45.6bn.

The firm attributed the fall to a “decline in fee-based revenue resulting from slightly lower market values for client assets due to current market conditions and reduced interest income due to lower rates”.

Australia wealth management operations generated C$13m in revenue, with contributions from the purchase of Patersons Securities. Client assets at the business were C$3.1bn as of 30 June 2020.

Canaccord Genuity Group president and CEO Dan Daviau said:  “We achieved record quarterly revenues, with all businesses contributing to our profitability, and, in keeping with our commitment to increase shareholder returns, we increased our quarterly common share dividend by ten percent.”