On February 1, 2023, Canaccord Genuity Group Inc. announced that it will acquire the Canadian private wealth business of Mercer Global Advisors.
Under the terms of the transaction, Canaccord Genuity Group Inc. (“Canaccord”) has entered into an agreement to acquire the Canadian private wealth subsidiary of Mercer Global Advisors, Inc. (“Mercer”). The deal is expected to close by May, 2023, subject to customary closing conditions. Further terms were not disclosed.
Canaccord (TSX:CF), based in Toronto, is a financial services firm operating in the wealth management and capital markets segments of the securities industry.
Mercer, based in Denver, is a registered investment adviser, specializing in investment advice, corporate trustee and trust administration services, financial and estate planning, and taxes. Mercer manages approximately $38 billion in client assets.
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