Central to our success is our Canadian franchise. After all, this is the origin of our
business and our core expertise. We are recognized in Canada as an industry-leading
independent firm, our core Canadian securities franchise, GMP Securities,
is consistently recognized as a top ranked common equity underwriter and advisor
to the domestic capital markets. The Canadian broker dealer is as relevant and
dynamic today as it was two decades ago. In addition, with our partners at Richardson
GMP, we have built Canada’s largest influential independent wealth management firm.
By leveraging the strategic linkages between GMP Securities and Richardson GMP, we
believe, we have created a formidable independent alternative to the Canadian banks.
There is no question that the competitive landscape has changed. The change, we
believe, is permanent and is led by technology-driven disintermediation, increased
regulation, the sustained trough in the global commodity cycle and Canadian banks
increasing their presence in the small- to mid-cap segment of the domestic market.
We must adapt to the realities of the new normal facing our industry, or cease to
be viable. In response, we substantially restructured our Capital Markets business,
sharpening our focus on the areas in which we excel. I believe, there will always be
room for a strong and viable independent broker dealer, like GMP. As we have done
for the past 20 years, we will continue to play an integral role in the efficient
functioning of the Canadian capital markets ecosystem.
GMP Securities has a long-standing reputation for excellence through execution.
We strive continually to be a dominant player in all aspects of the small– to mid–cap
sector of the domestic capital markets. While our traditional strengths lie in the Mining
and Energy sectors, the firm has been winning greater market share across non-commodities
GMP Securities has a proven track record of seamlessly executing transactions
of all sizes and levels of complexity across both equity and debt capital markets.
With just over $26 billion in assets under administration (as at December 31, 2015) and
nearly $140 million in average assets per investment advisory team, Richardson GMP is
a top-ranked wealth management firm. For six consecutive years, Richardson GMP was
named the top overall wealth management firm in Canada by Investment Executive
magazine in its annual Brokerage Report Card.