Canaccord Genuity Group Inc Q2 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Rob Goff - Ventum Capital Markets - Analyst : I guess, my first question would be in terms of the US, can you perhaps dive a bit more into the outlook for the US advisory business? It's now been three quarters of exceptional growth. How is that looking going ahead? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 08, 2024 / 1:00PM, CF.TO - Q2 2025 Canaccord Genuity Group Inc Earnings Call

Question: Rob Goff - Ventum Capital Markets - Analyst : Okay. And perhaps turning to Australia. Can you talk to both the organic and the inorganic growth in the Australian wealth?

Question: Rob Goff - Ventum Capital Markets - Analyst : I would say that would be organic.

Question: Stephen Boland - Raymond James - Analyst : Maybe just on the carbon reduction capital. In the notes, it says you have an option to get equity after giving them a loan. I'm just curious about maybe a little bit of a cautious step here. Are you cautious on the firm? Or are you cautious on the sector just because it does seem a little -- ?

Question: Stephen Boland - Raymond James - Analyst : Okay. Sounds good. Canada Wealth, there was a jump in the interest expense. You said that, the cash balances at the broker level has increased. I'm just wondering, I know you probably always -- someone always takes the mood of the brokers. Is this cautiousness on the broker side, meaning they want to get out of equities or bonds, move into cash, but are they clearing out to gear up to deploy in different areas? I'm just trying to get a gauge on the mood of the brokers.

Question: Stephen Boland - Raymond James - Analyst : Okay. And maybe just -- do you have a gauge on what your brokers are thinking? That's really, I guess, the question is, is it more cautiousness or they're getting really more bullish on the market? Because I know you have a portion of your guys here in Canada that certainly are stock pickers.

Question: Stephen Boland - Raymond James - Analyst : Yes, that was really my point because I always look at that number as a gauge of more retail privates and pre-rounds and things like that.

Question: Stephen Boland - Raymond James - Analyst : Okay. Last one for me. Just -- I know you don't give net sales or redemptions per business line. But just in the UK, is it fair to say that they're in positive inflows?