Psigma Investment Management
Canaccord Genuity Wealth Management acquires Punter Southall Wealth, of which Psigma Investment Management is a division
We are pleased to announce that Punter Southall Wealth, of which Psigma Investment Management is a division, is being acquired by Canaccord Genuity Wealth Management (CGWM) in the UK & Crown Dependencies.
CGWM provides comprehensive wealth management solutions and brokerage services to private clients, charities and intermediaries through a full suite of services tailored to the needs of clients in each of its markets.
As our industry continues to adapt and change in the face of a range of both opportunities and pressures, the management of Punter Southall Wealth and the Board of Punter Southall have been considering how we might respond to this environment.
We concluded that the best future for Punter Southall Wealth and our clients, lay in joining together with a larger business and, as such, we set out to identify a suitable partner to facilitate this transaction.
It has taken many months to establish the right partner to move forward with, and we believe, we have now selected the one that will be best suited to our clients, our colleagues, and our introducers.
CGWM shares our vision and understands the importance of financial planning and our investment management proposition. It is a firm that is committed to ensuring continuity of the high values of both service and culture, that are central to our core principles.
Furthermore, as a larger business, with greater scale, CGWM has invested substantially in its infrastructure over the past few years, which we are confident will be of significant advantage to both clients and colleagues. It will also be of great benefit to our clients and you, their advisers, as we are able to access the wider range of services that CGWM offers.
For now, nothing changes, as the transaction requires regulatory approval by the Financial Conduct Authority (FCA) before completion can take place and we expect that this will take some months to obtain. Our core proposition will remain in place and your Psigma contacts will remain the same.
CGWM sees great benefit in the addition of Punter Southall Wealth and the Psigma division to its business and we feel it is the right partner for the future benefit of our introducers, our clients, our colleagues and the business as a whole.