Canadian wealth manager Canaccord Genuity Group has made a strategic investment in Family Office Networks (FON), a community of family offices offering investment opportunities to wealthy families. Investment details were not revealed.

The agreement is said to be mutually beneficial. On one hand, it will support the enhancement of FON’s family office service platform.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

On the other hand, it will offer Canaccord Genuity more exposure to the family office sector.

Canaccord Genuity global head of sales and trading Mark Whaling said: “The family office industry is an important constituency for us and we continually seek new ways to serve this valued community.

“Family Office Networks will be a trusted partner as we move forward with exciting new initiatives to meet the growing needs of global family offices.”

FON offers affluent families access to opportunities in real estate, venture capital, private equity, and hedge funds.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It offers updates on a range of topics covering portfolio management, philanthropy, multi-generational wealth management, compliance, and insurance.

FON founder and CEO Andrew Schneider said: “The number of global family offices has grown from a few thousand to more than 15,000 globally and today more than ever they seek trusted partners to help them navigate the complexities related to investing, philanthropy, technology, family education and related topics.

“That’s where we believe Family Office Networks excels. Through our technology platform, newsletters, website and events we support families on all aspects related to growing and preserving wealth, including access to good deal flow.”