Canaccord Genuity has agreed to buy Glasgow-based Intelligent Capital for an undisclosed fee, subject to regulatory approval.

Established in 1999, Intelligent Capital has £220m in client assets, and it will operate under Adam & Company, CGWM’s Scottish arm acquired from Coutts for £54m in 2022.

As part of the agreement, David Bremner, the managing director of the Scottish IFA, become head of wealth management for Glasgow within the Adam & Co framework. Bremner will work closely with Matt Phillips, the director of wealth planning for CGWM, and Graham Storrie, head of Adam & Co Wealth Management.

Bremner said: “We have always had a strong vision for the future of Intelligent Capital and from our earliest conversations, we found that Canaccord Genuity and Adam & Company were completely aligned with our values and our commitment to high ethics and client service standards.

“I look forward to beginning this next chapter with a leading Scottish brand and being able to offer our existing and future clients an elevated financial planning experience.”

After completion of the deal, employees and clients of the Intelligent Capital will operate under the Adam and Company brand, which represents Canaccord’s Scottish operating business.

David Esfandi, CEO of CGWM UK, said  “We have had an excellent experience since entering the important Scottish market in 2021, and the addition of a new office in Glasgow gives us more expertise in the region to meet the growing demand for our outstanding integrated wealth management offering.”


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