Cains, has recently advised Canaccord Genuity Wealth (International) Limited (CGWIL) on the acquisition of the private client investment management business of Thomas Miller Investment (Isle of Man) Limited.

The wealth management operations of the Canaccord Genuity group (Canaccord Genuity Wealth Management) provide comprehensive wealth management solutions and brokerage services to individual investors, private clients, charities and intermediaries through a full suite of services tailored to the needs of clients in each of its markets.

In the UK, Canaccord Genuity Wealth Management operates as Canaccord Genuity Wealth Limited and, in the Channel Islands and the Isle of Man, as Canaccord Genuity Wealth (International) Limited (CGWIL). Closing is subject to regulatory approval and other customary closing conditions and is expected to be completed during the second quarter of 2019.

Cains’ corporate team, which was led by Scott Leonard-Morgan with the support of Tristan Head and Matthew Wilkinson, acted as lead legal advisors to CGWIL, assisting with the preparation and negotiation of the various acquisition documents.

Scott Leonard-Morgan, Director of Cains, said: “This was an exciting transaction to have acted on and a good news story for the Isle of Man.  We are delighted to have assisted Canaccord Genuity Wealth Management with the acquisition and we look forward to continuing to work together.”