Canaccord acquires Hargreave Hale

Hargreave Hale, an investment manager with offices in Blackpool and Lancaster, has been acquired by Canaccord Genuity Group Inc.

The sale to Canaccord enables Hargreave Hale to accelerate growth plans as part of a large listed group.

Canaccord says Hargreave Hale, which once topped Lancashire Business View's Hot 100 list, adds to its expertise in UK small/mid cap fund management

Hargreave Hale's senior management will continue to have significant involvement and influence holding key leadership roles within the enlarged group. For at least 12 months, the company will continue to operate as a standalone entity in order to minimise disruption to clients and employees and ensure an agreed and measured approach to integration.

Giles Hargreave, chairman of Hargreave Hale said: “With its similar business model, shared culture and common values, Canaccord Genuity Wealth Management in the UK represents the ideal partner to continue the successful growth and development of our business. "Along with our senior management team, I look forward to working with our new colleagues as we continue to deliver excellent investment and wealth management services for our clients.”