Canaccord Genuity Group has bought the front-office teams and client assets of EFG Harris Allday through its wealth management business.
Currently operating as a division of EFG Private Bank, which is part of EFG International, EFG Harris Allday is a UK-based wealth management business focused on affluent clients predominantly in the Midlands.
The EFG Harris Allday team is entrusted with approximately £3.1bn in client assets and generated annual revenue of £20.3mn in the year ended December 31 2025.
Canaccord Wealth UK chief executive officer, David Esfandi, said: “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.
“Importantly, it creates an opportunity to bring our established wealth-planning capability to a broader group of clients across the region.”
Esfandi said, by combining EFG Harris Allday’s strong client relationships and investment expertise with Canaccord’s financial planning advice, the firm can offer clients an integrated wealth management experience.
Advisers will benefit from expanded capabilities and infrastructure, while clients will gain access to a broader range of wealth planning advice and investment solutions through an integrated service.
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Completion of the transaction is expected to occur in the second half of 2026.
Esfandi added: “Clients will continue to benefit from the personalised wealth management service they value today, while gaining access to the broader capabilities of Canaccord Wealth.
“This includes our centralised investment process and model portfolios, alongside an integrated approach that brings together wealth planning, investment management and a wide range of solutions for high-net-worth individuals.”
tom.dunstan@ft.com
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