Ms. Christina Marinoff reports
CANACCORD GENUITY GROUP INC. MOVES TO FOREFRONT OF HIGH-TECH, HIGH-TOUCH WEALTH MANAGEMENT
Canaccord Genuity Group Inc. has made a significant addition to its wealth management capabilities in Canada with an investment in a state-of-the-art unified managed account platform that will position Canaccord Genuity's Canadian wealth management business at the forefront of integrated, bespoke, data-driven wealth management in Canada.
Canaccord Genuity has partnered with Envestnet Inc., a leading provider of intelligent systems for wealth management advisers, making Canaccord Genuity among the first in Canada to provide its investment advisers and portfolio managers with full access to Envestnet's powerful enterprise portal. The platform allows advisers to have a holistic view of each client's unique investment picture, all managed through a single portal.
"The Envestnet platform will empower our advisers and portfolio managers to provide customized managed account solutions that represent the future of wealth management," said Stuart Raftus, president of Canaccord Genuity Wealth Management in Canada. "Our bespoke advisory service, combined with the intuitive capabilities of the Envestnet platform, position Canaccord Genuity at the intersection of high-tech and high-touch wealth management, and move us to the forefront of what is currently offered in the Canadian market."
Envestnet provides a wide variety of tools designed to help advisers reduce time spent on administrative tasks and increases their ability to build tailored solutions for their individual clients. Advisers will benefit from enhanced account management tools, robust performance reporting and a unified managed account (UMA) structure, which provides a consolidated view of multiple discretionary accounts. Clients of Canaccord Genuity Wealth Management in Canada will have access to an intuitive tool, which should ultimately lead to more meaningful engagement with their personal advisers.
"We are leveraging best-in-class technology to provide more sophisticated and seamless solutions for our clients," said Mr. Raftus. "In a fast-evolving industry, we are committed to equipping our advisers with the best tools to drive their business forward and service their clients."
The Envestnet platform is expected to be fully implemented by the end of this calendar year.
About Canaccord Genuity Group Inc.
Through its principal subsidiaries, Canaccord Genuity is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. Since its establishment in 1950, the company has been driven by an unwavering commitment to building lasting client relationships.
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