Canaccord Genuity (CF.TO) said Tuesday after trade it is acquiring the front office teams and client assets of EFG Harris Allday in the United Kingdom for an undisclosed sum.
EFG Harris Allday is a UK wealth management business with 3.1-billion pounds in client assets. It generated 20.3-million pounds of revenue in 2025.
The transaction is expected to close later this year.
"This acquisition is a strong strategic fit, adding to our established teams and capabilities while also expanding our footprint across the Midlands with the addition of a new office in Shrewsbury," said David Esfandi, Cannacord Wealth (UK) chief executive.
Cannacord Genuity shares closed down C$0.31, to C$14.18, on the Toronto Stock Exchange.