Advisors at Canada-based Canaccord Genuity Wealth Management, the wealth management division of Canaccord Genuity Group, will be among the first in the country to have access to the data analytics capabilities of Envestnet’s Enterprise Portal, as part of a new deal to use its unified advice platform.
Canaccord Genuity Wealth Management will provide its advisors and internal portfolio managers with access to Envestnet’s unified advice platform. The firm’s portfolio managers will use Envestnet’s unified managed account structure to integrate third-party discretionary accounts into their global portfolios and reduce their administrative burden.
"We have always looked to expand our customer footprint in North America beyond the U.S., and Canaccord Genuity is an ideal partner to work with as we continue to strengthen our presence in the Canadian market,” said Louis D'Addario, managing director and head of institutional business development at Envestnet.
"Our partnership with Envestnet puts Canaccord Genuity at the forefront of wealth management in Canada, where high-tech and high-touch intersect," said Stuart Raftus, president of Canaccord Genuity Wealth Management in Canada. "The Envestnet platform represents a significant step forward in our ability to provide integrated, customized client solutions, and moves us to the forefront of what is currently offered in the Canadian market."