The Globe and Mail reports in its Monday, Sept. 16, edition that Canaccord Genuity Group has expanded its wealth management business by acquiring seven financial advisers from Canadian Imperial Bank of Commerce, who oversee $1.4-billion in client assets. The Globe's Andrew Willis writes that this marks Canaccord's second significant acquisition in the past week. Canaccord recruited the entire office of Vancouver-based CIBC advisers, known as BPS Wealth Management, over the weekend. The group leaders, Tom Porteous, Eric Southam and Jay Fitch, have collectively served for more than 70 years at the bank's Wood Gundy retail brokerage division. BPS advisers specialize in managing money for high-net-worth individuals, trusts and foundations. The BPS group is moving from a Wood Gundy platform with more than 800 stockbrokers to a new employer with 142 adviser groups in nine domestic offices. Canaccord welcomed the new group in Vancouver on the heels of last Thursday's purchase of British wealth manager Brooks Macdonald Asset Management, which oversees $4.1-billion for clients from offices in Jersey, Guernsey and the Isle of Man. Canaccord paid parent Brooks Macdonald Group $49-million for the businesses.