The North American unit of Canaccord Genuity Wealth Management has reported assets under management of C$1.6bn as of 31 March 2015, an increase of 29.7% compared to C$1.2bn at the end of fiscal 2014.
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The unit posted a pre-tax net loss of C$7.1m and C$125.3m in revenue as of 31 March 2015. The division’s assets under administration rose 5.6% to C$10.7bn as of 31 March 2015 from C$10.2bn at the end of fiscal 2014.
The UK & Europe division of Canaccord Genuity Wealth Management posted a pre-tax net income of C$21.6m, excluding significant items in fiscal 2015.
The business reported revenues of C$125.6m during this period. Assets under management, both discretionary as well as non-discretionary, were C$21.8bn, up 8% from C$20.2bn at the end of fiscal 2014.
Canaccord Genuity Wealth Management posted C$257.2m in revenue on a global basis during fiscal 2015. The unit’s total assets under administration in Canada and assets under management in the UK & Europe and Australia stood at C$33.3bn at 31 March 2015.
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