Lions Gate Bridge and Grouse Mountain, Vancouver

Toronto-based Canaccord Genuity Group Inc. on Tuesday welcomed Vancouver-based Cash Management Group (CMG) as Canaccord expands its Canadian wealth-management division.

CMG specializes in institutional cash management for municipalities, Crown corporations, public and private companies with a focus on principal protection, liquidity and yield. The group also manages a foreign-exchange program in addition to a private wealth-management service tailored for high net-worth investors in Canada.

Andrew Johns is the lead financial advisor for CMG’s 12 professionals. With more than 17 years of financial services sector experience, Johns led his team to become a top advisory group by assets and revenue over multiple years at their previous firm, Raymond James Ltd.

“We have continued to attract leading investment advisory teams to our independent platform by providing advisors with the flexibility to offer unique strategies and service offerings that meet and exceed the evolving needs of their clients,” says Stuart Raftus, president, Canaccord Genuity Wealth Management Canada, in a statement.