Canaccord finalizes terms to acquire Wilsons Advisory

Executive Summary

• Canaccord Genuity Group Inc., via its Australian subsidiary, has finalized a share‑sale agreement to acquire 100 % of Wilsons Advisory.
• The deal expands Canaccord’s wealth‑management and capital‑markets footprint across all major Australian states, creating an integrated firm with approximately A$17 bn in fee‑generating client assets and A$41.8 bn in total assets under advice.
• Completion is subject to regulatory approval and customary closing conditions, expected in the second half of calendar 2025.

Key Details

• Transaction Structure: Share sale agreement for 100 % of Wilsons Advisory; terms not disclosed beyond completion timeline.
• Strategic Rationale: Increase scale of wealth‑management operations, enhance capital‑markets capabilities, and broaden national footprint (NSW, VIC, QLD, WA, SA).
• Financial Profile of Wilsons Advisory (FY ended 30 Jun 2025):
• Net revenue: A$81 million
• Assets under advice: A$16.7 billion (including A$7.1 billion fee‑based assets)
• Combined Entity Projections:
• Fee‑generating client assets: ~A$17.0 billion
• Total assets under advice: ~A$41.8 billion
• Capital Markets Capabilities Post‑Deal: Ability to provide corporate financing and advisory services across industrials, health care, technology, natural resources; research coverage of >250 companies; suite of Australian investor conferences.
• Regulatory & Closing Conditions: Subject to regulatory approval; expected closing in H2 2025.
• Management Continuity: Senior management of Wilsons will retain significant involvement post‑integration.

Notable Quotes

• “Our acquisition of Wilsons positions Canaccord Genuity Australia as one of the leading integrated wealth management and capital markets firms in Australia… we expect to substantially enhance our value proposition…” – Marcus Freeman, CEO, Canaccord Genuity Australia.
• “The decision to bring our business together with Canaccord Genuity is driven by strategic alignment and a shared vision for long‑term growth.” – Brad Gale, CEO, Wilsons Advisory.