Canaccord Genuity to acquire Canadian wealth management business from Mercer Global Investments Canada.

Canaccord Genuity, an independent, full-service financial services firm, agreed to acquire Canadian wealth management business from Mercer Global Investments Canada, a global consulting company in talent, health, retirement, and investments. Financial terms were not disclosed. "We are very pleased to have entered into this agreement to acquire Mercer's Canadian Private Wealth business. Canaccord Genuity Wealth Management and Mercer's Canadian Private Wealth business are committed to providing clients with optimal outcomes and experiences," Stuart Raftus, Canaccord Genuity Group CAO and President of Wealth Management - Canada.