The Globe and Mail reports in its Wednesday edition that Canaccord Genuity Group landed a trio of advisers from rival dealers Richardson GMP, Raymond James and RBC Dominion Securities in the past week. The Globe's Andrew Willis writes that
COVID-19 had brought movement within the industry to a halt, but the recent hiring spree at Canaccord shows talent is once again on the move.
Its new arrivals include Vancouver-based Lori Pinkowski, who spent the past 11 years at Raymond James and was one of the company's top performers. Former RBC adviser Monica He is also joining Canaccord in Vancouver.
In Calgary, Canaccord brought aboard Ernie Wyder, who spent the past six years at Richardson GMP. At the end of March, Canaccord fielded 146 adviser groups in Canada.
Richardson GMP is in the midst of a long-promised transaction meant to give its employee shareholders a chance to cash in on their interests in the company. If the deal, announced in February, does go forward, financial advisers and the Richardson family will exchange their interest in a private company for shares in publicly traded GMP Capital.
So far this year, GMP's stock is down 34 per cent. Year to date, Canaccord shares are up 45 per cent.
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