Canaccord Genuity to acquire Adam & Company Investment Management from NatWest-backed the Royal Bank of Scotland for $76m.

Canaccord Genuity, a provider of comprehensive wealth management solutions, agreed to acquire Adam & Company Investment Management, a provider of discretionary investment management services, from NatWest-backed The Royal Bank of Scotland, a provider of commercial, corporate, and private banking services, for $76m. “Entering the Scottish market represents a very important milestone in our long-term growth strategy and we are pleased to be doing so with Adam & Company’s investment management business, a leading regional franchise with a strong cultural fit and a similar client base to our own. We are delighted to welcome this team of deeply established investment professionals, and we look forward to supporting their continued growth and commitment to providing the best possible outcomes for their clients," David Esfandi, Canaccord Genuity CEO.