Canaccord Genuity Wealth Management has earned $5 8.2m in revenue during the third quarter of fiscal 2015, an increase of 6. 4% compared to last year.
For the quarter ended 31 December 2014, this business accounted for 3 5% of the group’s total revenue during the quarter, an increase of 11.3% over the previous fiscal year.
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The unit’s total assets under administration and management grew to $31.3bn at the end of the quarter, a rise of $2.3bn, or 7.8% compared to the same quarter of last year.
In the UK & Europe, Canaccord Genuity Wealth Management recorded $30m in revenue, which, excluding significant items, translated to $4.7m in net income before taxes, a 35.3% increase from the same period last year.
In Canada, discretionary assets under management increased to $1.4bn, a jump of 34.7% compared to the same period last year, the group said in a statement.
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