Canaccord Genuity Group Inc. posted firm-wide revenues of $577.4 million for its latest quarter, ended June 30. That’s up 29% from $448.5 million in the same quarter last year.
The firm reported first-quarter pre-tax income of $76.1 million, up 128.1% from a year earlier.
“Our first quarter results reflected strong execution across the organization, with year-over-year revenue growth in wealth management and capital markets and improved operating leverage contributing to strong profitability growth,” said Dan Daviau, chairman and CEO of Canaccord, in a release.
“Record client assets in wealth management reflected continued progress against our strategic growth priorities and positive client activity, capital markets benefited from a stronger business mix and robust activity across our core focus sectors, including continued strength in the mining sector.”
Canaccord’s global wealth management business posted $305.1 million in revenue, up 25.6% year over year and a new quarterly record. Higher quarterly commissions and fees revenue of $246.1 million largely drove the rise, as markets performed well and asset inflows increased client assets.
Wealth management revenues rose the most in North America, reaching $121.2 million (up 28.9%), mainly driven by higher commissions and fees (up 28.8%) and investment banking revenue (up 76.9%).
Revenue in Australia grew to $53.2 million (up 130.6%), benefiting from the fall 2025 acquisition of Wilsons Advisory, while U.K. & Dependency revenues rose a modest 3.9% to $130.6 million.
Total client assets in the global wealth management division rose to $160.2 billion, up 27.9% year over year. Growth was highest in Australia (113.1%), followed by North America (32.9%) and the U.K. & Crown Dependencies (14.1%).
Canaccord reported 139 advisor teams in Canada during the quarter, down from 143 in the same quarter a year prior. Advisors in Australia rose to 201 from 127 a year ago, while number in the U.K. & Crown Dependencies stayed steady at 298.
Canaccord reported similar growth in its global capital markets business, with quarterly revenue rising 30.2% year over year to $260.5 million. Higher advisory fees, investment banking revenue and commissions and fees revenue contributed.