Canaccord Genuity

Investment trust fees have come under fresh scrutiny in recent months, with a number of managers reducing costs or introducing new charging structures in a bid to stay competitive with open-ended peers.

Tech giant represents 10% of trust

Joins Isle of Man team

Joins London-based team

Reid joins as senior investment director

Renamed to GPS Portfolio Solutions

Data shows closed-ended stronger over five years

Canaccord Genuity has recommended a number of closed-ended vehicles which investors should reconsider, including a handful still sitting on a premium.

Sanlam Private Investments' chief investment officer Richard Champion has ended his 11-year stint at the firm in order to take a senior role at Canaccord Genuity Wealth Management.

Canaccord Genuity's Lucy Mitchell has joined Smith & Williamson as an associate director tasked with developing its discretionary proposition.