Canaccord Wealth has published their Q2 performance results for the 3-months ended September 30th, 2024.
Canaccord Genuity Wealth Management (Canaccord) in the UK & Crown Dependencies earned revenue of $108.8 million during the second quarter of fiscal 2025, an increase of $7.8 million or 7.7% compared to the same quarter of the previous fiscal year
Canaccord recorded net income (excluding significant items) of $25.2 million before taxes for the second quarter of fiscal 2025, an increase of $2.5 million or 11.0% over the same period of the prior fiscal year.
Normalised EBITDA was approximately £18 million for the three-month period and £38 million for the fiscal year-to-date. Pre-tax profit margin (excluding significant items) was 23.2% during the second quarter.
As at 30th September 2024, Canaccord had client assets of £34.8 billion and $63.0 billion converted to CAD, year-over-year increases of 9.7% and 19.8% respectively.
David Esfandi (pictured), CEO of Canaccord Genuity Wealth Management in the UK & Crown Dependencies commented: “We delivered another strong set of results driven by recent acquisitions and inflows, validating our approach to growth.
“It is our ambition to be the best integrated wealth manager by performance and service and our consistently strong financial performance provides a solid platform to continue going above and beyond for our clients.”
