Marcus Freeman

Canaccord Genuity Group Inc. (TSX:CF) (the “Company”) is pleased to announce that through its Australian operation, Canaccord Financial Group (Australia) Pty Limited (“Canaccord Genuity Australia”) it has finalized the terms of a share sale agreement (the “Offer”) to acquire 100 percent of Wilsons Advisory (“Wilsons”).

The acquisition supports the Company’s strategy of increasing the scale of its wealth management operations and enhancing its capital markets capabilities in a key growth market. The transaction also provides an enhanced national footprint, with expanded capabilities spanning New South Wales, Victoria, Queensland, Western Australia and South Australia.

Founded in 1895, Wilsons Advisory is a premier Australian financial services business, with a nationwide presence and strong capabilities in wealth management and capital markets. For the year ended June 30, 2025, Wilsons earned net revenue of AUD $81 million and had AUD $16.7 billion in assets under advice, of which AUD $7.1 billion in fee-based assets.

The combined wealth management entity is positioned to emerge as a leading integrated firm in Australia with approximately AUD $17.0 billion in fee-generating client assets and a total of AUD $41.8 billion in assets under advice with a substantial platform for continued growth.

The unified capital markets division will provide comprehensive corporate financing and advisory services for emerging and established companies across key sectors including industrials, healthcare, technology, and natural resources, complemented by research coverage of over 250 companies and a suite of premier Australian investor conferences.

“Our acquisition of Wilsons positions Canaccord Genuity Australia as one of the leading integrated wealth management and capital markets firms in Australia, differentiated by scale, deep local expertise and global reach, and we look forward to bringing our teams together,” said Marcus Freeman, CEO of Canaccord Genuity Australia.  “By uniting our complementary strengths and increasing the scale of our operations, we expect to substantially enhance our value proposition and product suite for our wealth management and capital markets clients.“

Brad Gale, CEO of Wilsons Advisory adds: “The decision to bring our business together with Canaccord Genuity is driven by strategic alignment and a shared vision for long-term growth. By combining our strengths, we are building a powerful Australian wealth management and capital markets business with greater scale, broader capabilities, and a stronger platform to support our clients while creating more opportunities for our people.”

Upon completion of the transaction, the professionals and clients of Wilsons will benefit from being part of a larger, integrated wealth management and capital markets business with deep resources and a strong commitment to supporting their long-term growth and success. Senior management of Wilsons will continue to have significant involvement in the combined business going forward.

Completion of the transaction is subject to regulatory approval and customary closing conditions and is expected to occur in the second half of calendar 2025.

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