Canaccord has operations in two of the
principal segments of the securities
industry: private client services and
capital markets. Together, these operations
offer a wide range of complementary
investment products, brokerage services and
investment banking services to Canaccord's
private, institutional and corporate
clients.
Canaccord has over 1,500 employees worldwide
in 30 offices, including 23 Private Client
Services offices located across Canada.
Canaccord Adams, the international capital
markets division, has significant operations
in Toronto, London, Boston, Vancouver, New
York, Calgary, Montreal, San Francisco and
Houston.
Our History
In 1968, the partners of Canaccord Capital
acquired Hemsworth Turton & Co., a Western
Canadian venture capital firm that opened
its doors in 1950. Reborn as Canarim
Investment Corporation, the small firm
quickly became the principle financier of
early stage ventures and the largest trader
on the burgeoning Vancouver Stock Exchange.
At that time, the core business was the
early support and recognition of significant
resource plays.
In 1992, Canaccord Capital was incorporated
and, by 1993, had 400 employees including
290 Investment Advisors located in six
branches. That year, Canaccord implemented
an aggressive growth strategy to evolve from
a transaction-based business to an
integrated financial services firm, meeting
clients' diverse needs with a renewed
commitment to quality.
A Growth Culture
Over the next several years, Canaccord
completed a series of significant mergers
and acquisitions, including six independent
brokerage firms in Canada, as well as one in
London, England and one in Paris, France. In
addition to these successful integrations,
the Research and Investment Banking groups
were strengthened, not only in terms of
budget and staffing, but also in breadth of
competencies to include coverage of more
sectors. Institutional Sales and Trading
services were supported by Fixed Income and
Financial Services groups, and considerable
investments were made in information
management and technology to facilitate the
recruitment and training of experienced and
knowledgeable Investment Advisors.
By 2003, Canaccord had more than tripled in
size from the previous decade, when measured
by number of employees, sales staff,
branches, clients and transactions. A strong
strategic focus and long term investment in
our core businesses have resulted in (as of
March 31, 2005) annual gross revenues of
C$433 million and assets under
administration of C$10 billion.
Initial Public Offering
On June 30, 2004 Canaccord became a public
company by completing an initial public
offering on the Toronto Stock Exchange,
trading under the symbol CCI, which raised
$70 million. One year later, in June, 2005
Canaccord completed a listing on the
Alternative Investment Market (AIM) of the
London Stock Exchange and is now dual listed
as CCI: TSX & AIM.
Acquisition of Adams Harkness
On January 3,
2006 Canaccord completed the acquisition of
Adams Harkness Financial Group Inc. This
acquisition resulted in a re-branding of our
international capital markets divisions and
Adams Harkness as Canaccord Adams. Visit
www.canaccordadams.com
for more information.
Moving Forward
As Canaccord enters its sixth decade, it
will continue to grow - both through
selective acquisition of other firms and
through hiring and training outstanding
recruits and attracting seasoned
professionals.
Canaccord will succeed as Canada's largest
independent wealth management firm with
expertise in venture capital and capital
markets. We will continually strive to
provide the best in client service and be
the most efficient firm in our industry. |
