Canadian wealth manager Canaccord Genuity has agreed to fully acquire Wilsons Advisory, an Australian investment and wealth management company.
The company executed the agreement through its Australian arm, Canaccord Financial Group (Australia) Pty Limited (Canaccord Genuity Australia).
Financial specifics of the deal have not been disclosed.
The acquisition will bolster Canaccord Genuity’s footprint across New South Wales, Victoria, Queensland, Western Australia, and South Australia.
Wilsons Advisory, established in 1895, specialises in both wealth management and capital markets.
For the fiscal year ending 30 June 2025, Wilsons reported net revenue of A$81m ($52m) and managed A$16.7bn in assets under advice, with A$7.1bn classified as fee-based assets.
The merger is projected to create a combined wealth management entity with approximately A$17bn in fee-generating client assets and a total of A$41.8bn in assets under advice.
Canaccord Genuity Australia CEO Marcus Freeman stated: “Our acquisition of Wilsons positions Canaccord Genuity Australia as one of the leading integrated wealth management and capital markets firms in Australia, differentiated by scale, deep local expertise and global reach, and we look forward to bringing our teams together.
“By uniting our complementary strengths and increasing the scale of our operations, we expect to substantially enhance our value proposition and product suite for our wealth management and capital markets clients.”
The integrated capital markets division will aim to serve companies with corporate financing and advisory services, spanning various sectors such as industrials, healthcare, technology, and natural resources.
Additionally, the integrated capital markets division will offer corporate financing and advisory services across key sectors such as industrials, healthcare, technology, and natural resources.
Wilsons Advisory CEO Brad Gale said: “The decision to bring our business together with Canaccord Genuity is driven by strategic alignment and a shared vision for long-term growth.
“By combining our strengths, we are building a powerful Australian wealth management and capital markets business with greater scale, broader capabilities, and a stronger platform to support our clients while creating more opportunities for our people.”
The deal, anticipated to be concluded in the latter half of 2025, is subject to regulatory consent and standard closing conditions.
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