Canaccord Genuity Wealth Management - Calgary - Calgary, Alberta

Michael F.

Had a poor experience. Lost about 20% of my life savings over the course of a couple years. Portfolio built for me required much more attention than it was getting (20+ holdings across 4 accounts). We had gains of 50% that were sold for breakevens or losses. Also had losses on other holdings of +70%. Had me wondering if stop losses are used at CG.

Compared to others, my return over the same period was significantly worse, which I would again attribute to the portfolio build.

Bob B.

Can't speak to all aspects of their business, but as far as financial advisors you are better off investing DIY or with a bank. Am sure there are some 'good' advisors, but my fella kept me in high MER MF's and was more concerned about his own portfolio than taking care of his clients. Borderline breached his fiducial responsibility. No accountability. I kicked these guys to the curb and have not looked back.

C M.

Do not even consider trusting your investments with this shady little group in calgary. My experience was dealing with Scott Dittmer and subsequently Ed, who was equally appalling with unprofessionalism.
I phoned Scott two weeks ago to purchase 20k in a stock under TGOD that canacord had the largest allocation of prior to it going public. He proceeded to heavily push me in a different direction. He claimed this type of business is not good, market is over saturated on and on. He wanted me to invest in his ‘other’ suggestions. I told him I’m am not a sophisticated investor but for my own reasons want this particular stock (that I was told would be listing quick within a week or two). Scott then said it would prob be months they have to raise hundred mil before listing and people aren’t investing in this type of business. After 30 min of his pushing me in a different direction I said I’d call back. Did my research for a week, called back, and I STILL just want my original stick request. He said the allocation was over sold now but would give me 14k. I said wonderful! And he was faxing the paperwork to me right away so we could get it done. He again wanted me to invest in his other suggestion. I
replyed no thanks I just want the TGOD stock At this point he actually got mad say ‘why’ what are you going to do with your money, Again I said I only want the one stock! To which he said he’s not going to give it to me if I’m not going to use him for investing! This was angry condeseceding tone, I was at work and said did have to go.
Susiquently he did not rerun my message. I phoned Canacord the next morning asking to speak with a broker other than Scott. She transfer me to Ed - I went to voicemail. I called again for Ed in two hours as time is of the essence. The two obviously spoke, Ed’s tone was very dismissive and just said they are not supposed to make the sale of one product contingent on purchasing other but he wasn’t ‘privy’ to my discussion with Scott. I said it doesn’t matter I really just want to make my purchase and time is if the essense. Dripping with condescension he said he would look into getting me the product and call me back right away. I left anothe message later in day and called again the next morning. To which I was told I will not accepted as a client by canacord.

I realize my little 20k is a but a timy drop at the bottom of their usual client portfolios. It was incredulous how unprofessional they were though, small or not. Had Scott not been so transparently manipulative and emotional Canacird would have had another small little person that might have grown in to more investment and referrals.

I’m sure the company Tgod that I was desperately trying to invest in wouldn’t appreciate that the company they entrusted to handle their largest allocation was ‘off selling’ their product. My friend also had the same experience with Scott but he did agree to buy into a bit of Scott’s other product.

Terrible experience, since they were the only ones with allocation left it was leveraged for their own agenda - I didn’t play so I have none. Buyer beware. Even more so companies doing IPO Beware!

Gord N.

Hey Carolyn, consider yourself lucky, that TGOD stock came out and went down 85% in pretty much of a freefall. Had you paid the initial price you'd be out $17,000. So edit your review and thank them. lol

Judi P.

Only invest with them if you want to lose money. My account went from $50,000 to less than $10,000 under their management. Now they want to charge me a fee for losing my money.

Carrie L.