Canaccord Genuity Wealth Management in the UK & Crown Dependencies have published their second quarter fiscal 2024 financial performance, covering the three month period up to September 30, 2023.
Key points from the publication include:
- Canaccord Genuity Wealth Management in the UK & Crown Dependencies earned revenue of £59.5 million during the second quarter of fiscal 2024 , an increase of £6.8 million or 12.9% compared to the same quarter of the have released previous fiscal year
- They recorded net income excluding significant items1 of £13.4 million before taxes for the second quarter of fiscal 2024, an increase of £1.6 million or 13.6% over the same period of the prior fiscal year
- At 30 September 2023, Canaccord Genuity Wealth Management in the UK & Crown Dependencies had client assets of £31.7 billion, a slight decrease of 1.9% from £32.3 billion at the end of the second quarter of fiscal 2023 and a 2.3% decrease from the previous quarter
- Pre-tax profit margin excluding significant items improved to 22.5% during the second quarter
David Esfandi (pictured), CEO of Canaccord Genuity Wealth Management in the UK & Crown Dependencies commented: “Our diverse growth strategy continues to enable a strong set of results.
“Building our financial planning capability and expanding our national footprint through a series of successful acquisitions has cemented our commitment to a highly personalised, integrated wealth management proposition. Offering clients first class support through all market conditions remains our priority, as we continue to uphold a culture that allows our colleagues to work in the way they feel is best to meet our clients’ objectives.”
