CANACCORD GENUITY WEALTH MANAGEMENT

Summary

Canaccord Genuity Wealth Management is an award-winning wealth manager, providing integrated wealth management services.

They manage and administer more than £29.7bn of assets (as at 31 December 2020). 

Canaccord Genuity Wealth Management is part of Canaccord Genuity Group Inc., a publicly traded company on the Toronto Stock Exchange.

The Group has offices in 10 countries, including wealth management offices in the UK, Channel Islands, Isle of Man, Canada and Australia. Canaccord Genuity, their international capital markets division, operates in North America, the UK and Europe, Asia, Australia and the Middle East.

> Good online facilities.

> Good services and accessibility. 

> Expensive way to invest.

The DFM Service

Canaccord Genuity Wealth Management provide a broad range of Wealth Management services, at the core of which is their Discretionary Portfolio Management offering.

With this service, their investment managers build and run a personalised portfolio on your behalf, without needing to ask your permission each time they want to make an adjustment.

 

The key features of Canaccord Genuity Wealth Management's DFM services include:

  • Access to a wide range of asset classes and markets.

  • A dedicated investment manager that builds you a unique portfolio tailored to your wishes and risk appetite.

  • You will be informed on the performance of your portfolio and the actions taken to optimise it.

  • You can get 24/7 account access via their CG Wealth Online service.

  • Their discretionary portfolios invest in individual stocks and bonds, and other alternative asset classes.

  • They also invest in third party investment funds, for added diversification and access to a wide range of fund managers.

  • Canaccord Genuity Wealth Management are not tied to inhouse funds.

 

Charges and costs:

 

The highly personalised nature of a discretionary portfolio management service means the total cost you will pay is affected by a number of variables.

For example, your individual tax situation, your long-term goals, stamp duty if applicable, currencies, overseas dealing, the extent you are invested in third party funds and so on.

 

As a private client of Canaccord Genuity Wealth Management, your investment manager will keep you up-to-date on the total fees you are paying.

 

You will also receive a quarterly report which will give you a full breakdown of costs. 

Investment process:

  • Based on a global asset allocation framework, their analytical investment process includes an in-depth research, continuous monitoring and the interaction of a number of investment committees.

  • Each layer of their investment process must be aligned before your dedicated investment manager can start to create a risk-adjusted portfolio tailored to your individual needs.

  • Canaccord Genuity Wealth Management can offer you a range of different investments, including securities, equities, funds, exchange-traded funds (ETFs), investment trusts, alternatives, bonds and cash.

  • They claim to structure your investments tax effectively, including SIPPs and ISAs.

  • Their in-house experts select investments from the open market to create a range of investment opportunities for you.

  • Canaccord Genuity Wealth Management offer nine different risk profiles to suit your attitude to risk and claim to regularly check your portfolio against the industry benchmarks.

 

NOTE:

While we think the options are perhaps a little limited, they do provide investors with exposure to multiple asset classes including equities, bonds, commodities and alternative investments that mirror Canaccord’s rigorous investment and risk management.

Final Verdict

Canaccord Genuity Wealth Management provides a range of international actively managed DFM solutions and they are a reputable house. However, we believe that there are better, lower cost alternatives.

Himalaya

Get in touch

Whether you need a second opinion, want to find a qualified adviser, or just have some questions, Expat Money is here to help.

We'll call or email, learn about you and take you through your options.