The agency will function beneath Canaccord’s current Adam & Firm model which encompasses its Scottish working companies within the UK and Crown Dependencies (CGWM UK) and David Bremner, Clever Capital’s largest shareholder and present managing director will be part of the chief management workforce of Adam & Firm as head of Wealth Administration – Glasgow.
“We’ve all the time had a powerful imaginative and prescient for the way forward for Clever Capital and from our earliest conversations, we discovered that Canaccord Genuity and Adam & Firm have been utterly aligned with our values and our dedication to excessive ethics and consumer service requirements. I sit up for starting this subsequent chapter with a number one Scottish model and having the ability to supply our current and future shoppers an elevated monetary planning expertise.”
Canaccord Genuity sees the addition of Clever Capital to its Scottish enterprise unit as a possibility to strengthen its wealth administration operations and place for additional development potential.
“We’re excited to be joined by a powerful workforce of deeply skilled monetary planning professionals from Clever Capital,” mentioned David Esfandi, CEO of CGWM UK. “We’ve had a superb expertise since coming into the vital Scottish market in 2021, and the addition of a brand new workplace in Glasgow provides us extra experience within the area to satisfy the rising demand for our excellent built-in wealth administration providing.”
The transaction is predicted to shut within the first three months of 2024, topic to regulatory approvals and different customary closing circumstances.
