Cicci attributes the power of CG’s present platform to the work finished by his predecessor within the personal shopper group, Stuart Raftus. Raftus was named CEO of Canaccord Genuity Corp. (Canada) in June of 2023 and Cicci describes the work his predecessor accomplished as thrilling, subtle, and know-how centric.
In taking the reins on the personal shopper group Cicci — who has spent over 20 years with the agency — took a nationwide tour. He went coast to coast assembly with advisory groups, listening to about their successes and listening for his or her ache factors. He notes that throughout the nation his agency’s advisors shared widespread ambitions and willingness to develop. He says his advisors really feel they’re a part of a profitable crew. What he desires, now, is to take care of that optimism and assist his advisors ship higher and deeper service to purchasers as a result of, in doing so, they may drive deeper relationships and better share of pockets.
Managing regulation is one other key side of Cicci’s mandate. Regulation on this business is consistently altering, usually essentially because it retains tempo with a quickly altering world. Conserving advisory practices compliant with out burdening them with a large time dedication is a problem, however one which Cicci thinks applied sciences like automation can play a job in assuaging.
Whereas CG desires to develop by deepening advisor-client relationships, Cicci additionally notes that altering shopper calls for imply they should deepen their relationships too. He cites analysis that discovered many purchasers are trimming their monetary service suppliers, going from three suppliers to 2 and — in lots of instances — down to 1. Cicci desires his advisory groups to be that one supplier, which implies they should preserve evolving and delivering extra subtle service to purchasers.
One of many methods his advisors are assembly purchasers’ wants now’s by increasing their groups. The place a decade in the past groups of 4 advisors had been uncommon, Cicci now sees advisory groups of 10 or 20 popping up comparatively regularly. Including scale permits advisory groups to ship extra subtle and built-in service to their purchasers. Whereas saved distinct by regulation from a household workplace, the mannequin begins to look extra like household workplaces and permits purchasers to obtain an analogous degree of bespoke service.
