Date office opened: 1996
Group assets under management: £24 billion
Number in team: >50
Clients (whole group): 26,000
Top three fund picks:
- Reliance India
- Prusik Asian Equity Income
- Loomis Sayles US Equity Leaders
Q&A with Andre de Gruchy, investment director, Canaccord Genuity Wealth Management, Jersey:
What is your typical client demographic?
Our private clients are usually 45+ and are generally saving for retirement or are retired and are looking to generate additional income.
What differentiates your region?
Our client base is geographically diversified, leading us to offer strategies in several base currencies, not just sterling.
What challenges are facing your area?
The Jersey-based wealth management industry is very competitive, so we aim to maintain strong relationships with our clients. Like the rest of the industry, we are facing ever-increasing regulation. While it is a challenging environment, ultimately it is for the benefit of the client, which has to be a good thing.
What’s the best thing about living in your area?
In Jersey, you’re never far from the sea, and you can be down on the beach straight after work with a whole evening of sunshine left. What’s not to love about that? We have great transport links with cities such as London, Liverpool and Glasgow. We’re also so close to France – 45 minutes in a boat – so can easily pop over for lunch!
What’s a typical regional saying?
‘Ah bah crie!’ which is Jersey French dialect for ‘goodness me’.
What is your office motto?
#cando – we like to get things done at our Jersey office!
Bullish or bearish?
I would say we are cautiously bullish. Economic growth has looked increasingly synchronised around the world, and we believe that the economic tailwinds are set to continue, which will provide opportunities for investors. We favour equities over bonds and have recently rotated some of our equity exposure into more cyclical areas of the market. At the same time, we have repositioned some of our fixed income exposure so it provides a proper counterbalance to this risk.
Would your office like to take part in Office Spotlight? Email Eleanor on email@example.com.
- 12 wealth and fund firms to watch in 2018
- Iress's Walsh: Why GDPR can drive trust in financial services
- CISI slams FCA plan to scrap Approved Persons Register 9
- Is the auto industry the next ‘Big Short?’
- How to make a compensation payout last a lifetime 1
- Déjà vu all over again: tax avoidance or criminal activity?
- Should wealth firms consider TV advertising?
Canadian firm becomes first robo to launch SRI portfolios in UK
Wealthsimple, the Canadian robo-advice firm which opened its doors in the UK in September 2017, has launched socially responsible investing portfolios.
Liontrust ESG head says sustainable investment doesn't mean low return
Peter Michaelis talks about ethical investment growth and where he sees future opportunites.
Are platforms the biggest barrier to wealth manager ETF take-up?
Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.
SVM's Veitch on what's next for banks
SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.
Profile: how Raymond James Leeds has flourished
Preparing for his interview with Wealth Manager, Rupert Forrest has done some research on Yorkshire
New Citywire podcast: Walking with Wealth Managers - exclusive preview
What's up in the North - catching up with Sanlam's Teesside office
On the Road: 9 wealth managers share their 2018 new year's resolutions
MPS Investment Committee: Paul Wharton, Tacit Investment Management
Office Spotlight: Nedbank Private Wealth, London
Pub Club Special: On the Road Christmas Jumper Lunch 2017
Quizzing the newest wealth manager in Wiltshire
Office Spotlight: Canaccord Genuity Wealth Management, Jersey
MPS Investment Committee: Steven Rooke, Cazenove Capital Management
Worthstone's Social Investment Academy: biggest event yet
Boutique Malloch Melville founder on the benefits of being small in Scotland
Pub Club: at The Old Beams in Milton Keynes with WH Ireland
MPS Investment Committee: Simon Doherty, Quilter Cheviot
Office Spotlight: Equilibrium Asset Management, Cheshire
MPS Investment Committee: Sanjay Rijhsinghani and MPS team, LGT Vestra
Dining with 7IM's Damian Barry at The Culpeper
On the Road Challenge: Bowling with Kleinwort Hambros
Pub Club: at the bar with Standard Life Wealth's resident rugby star
Office Spotlight: Hargreave Hale, Llandudno
Parmenion: the perks of investing in interesting times
Investment Committee: Arnaud Gandon, Heptagon Capital