Canaccord Wealth has completed its acquisition of Brooks Macdonald’s business in the Crown Dependencies.
The firm says this deal represents “an important strategic addition to the Company’s operations in Guernsey, the Isle of Man, and Jersey”.
Canaccord also said that “the professionals and clients of BMI will benefit from being part of a larger integrated wealth management business with deep resources and a strong commitment to supporting their long-term growth and success”.
David Esfandi, CEO, Canaccord Wealth (pictured top) echoed those sentiments and said it’s an exciting time for his teams.
“We are very proud to welcome a talented and committed group of colleagues to the Canaccord Wealth family.”
“This deal increases our investment expertise and wealth planning capability in the Guernsey, Jersey and the Isle of Man, helping us further cement our position as one of the biggest integrated wealth managers in the UK and Crown Dependencies.
“This acquisition is another step forward in our mission to become the best integrated wealth manager by performance and service. Scaling up our business means increasing our ability to serve the complex needs of international clients who have clear ambitions but are time-poor and need a trusted partner to help them achieve their goals.”
Andy Finch, CEO, Canaccord International added: “I’ve been so impressed by the passion, enthusiasm, and commitment of our new colleagues. Now they are formally part of the business, I am excited to begin our journey together.
“We are also looking forward to welcoming a new group of clients who have understandably high expectations. For them, as with all our clients, we will continue to deliver best-in-class service and performance.”