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Canaccord Genuity Wealth Management in the UK & Crown Dependencies earned revenue of $108.8 million during the second quarter of fiscal 2025, an increase of $7.8 million or 7.7% compared to the same quarter of the previous fiscal year.
Breaking down the results the firm said:
· Canaccord Genuity Wealth Management in the UK & Crown Dependencies recorded net income excluding significant items1 of $25.2 million before taxes for the second quarter of fiscal 2025, an increase of $2.5 million or 11.0% over the same period of the prior fiscal year
· Normalized EBITDA of approximately £18 million for the three-month period and £38 million for the fiscal year-to-date
· At 30 September 2024, Canaccord Genuity Wealth Management in the UK & Crown Dependencies had client assets of £34.8 billion and $63.0 billion converted to CAD, year-over-year increases of 9.7% and 19.8% respectively.
· Pre-tax profit margin excluding significant items1 was 23.2% during the second quarter
David Esfandi, CEO of Canaccord Genuity Wealth Management in the UK & Crown Dependencies commented: “We delivered another strong set of results driven by recent acquisitions and inflows, validating our approach to growth.
“It is our ambition to be the best integrated wealth manager by performance and service and our consistently strong financial performance provides a solid platform to continue going above and beyond for our clients.”
Pictured top: David Esfandi.
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