Canaccord Genuity Wealth Management, UK & Crown Dependencies has shared figures from its third quarter fiscal 2025 financial performance.
The wealth management business revealed the key findings from the September to December period of 2024, showing “record” revenue and “new highs”.
CGWM (UK) earned £64.6m during the third quarter of fiscal 2025, an increase of £4.4m or 7.3% compared to the same quarter of the previous fiscal year.
The firm contributed £188.2m of revenue fiscal year-to-date, an increase of 3.9% year-over-year and a “new record” for this measurement period.
It reported normalised earnings before income taxes, interest, depreciation and amortisation (EBITDA) of approximately £20m for the three-month period and £58 million for the fiscal year-to-date.
CGWM (UK) shared its normalised EBITDA margin of 33.6% for the three-month period and 33.3% of the fiscal year to date.
At 31 December 2024, client assets in Canaccord Genuity Wealth Management in the UK & Crown Dependencies reached a “new high” of £35.9bn, a year-over-year increase of 6.6%.
David Esfandi, CEO of Canaccord Genuity Wealth Management in the UK & Crown Dependencies, said he was proud of “another set of record-breaking results”.
“Our strong growth in client assets and revenues is further validation of the actions we are taking in our goal to become the best integrated wealth manager by performance and service.
“On a daily basis we go above and beyond for our clients, and these results are a demonstration of the continued faith they show in us.
He continued: “I am excited by what we can achieve in the year ahead.”
Data originally reported in Canadian dollar. Values reflect an average currency conversion rate of 1.7920 for Q3/25, and a conversion rate of 1.7994 at 31 December 2024.