On Feb. 1, 2023, Canaccord Genuity Group Inc. (TSX: CF), through its Canadian wealth management division, Canaccord Genuity Wealth Management, announced its definitive agreement to acquire Mercer Global Investments Canada Limited's Canadian Private Wealth business. This acquisition is set to boost Canaccord Genuity Wealth Management's client assets by roughly $1.5 billion. The deal, expected to conclude within three months from the announcement, hinges on several closing conditions, including gaining regulatory clearance. Stuart Raftus, the Group CAO and President of Wealth Management - Canada at Canaccord Genuity Group Inc., emphasized both entities' dedication to offering clients top-notch results and experiences. He conveyed optimism about the positive impact this merger would bring to new clients, partners, and staff in the foreseeable future. By May 29, 2023, Canaccord Genuity Group Inc. confirmed the successful completion of its acquisition of Mercer's Canadian Private Wealth Business. As a result, former Mercer Private Wealth clientele will now benefit from Canaccord Genuity Wealth Management's comprehensive suite of services in Canada, coupled with global research and expertise from the broader Canaccord Genuity Group. Raftus reiterated the company's commitment to influencing positively its new stakeholders in the upcoming months and years.