Year office opened: 2018
Number of staff: 4
AUM (group): £25bn
Number of clients (group): 25,000
Top three fund picks:
• Artemis US Smaller Companies
• Polar Capital Technology trust
• Lindsell Train
Q&A with Andrew Garstang, head of office at Canaccord Genuity Wealth Management, Lancaster (pictured below):
What is your typical client demographic?
There is no typical demographic really – our client base is varied. We look after portfolios for clients who have been with us for over 30 years, and we often look after their families. We have a number of trust accounts and run portfolios for many clients of various ages, who might be trying to manage IHT or are investing to fund their future retirements.
Bullish or bearish?
We are cautiously bullish.
What differentiates your region?
Lancaster is a historic city famous for its castle and for hosting the Pendle witch trials in the early 1600s. Lancaster is known as the gateway to the Lake District. As a thriving university town, its population is quite diverse – from a cultural and social perspective, there is always a lot going on.
What challenges are facing your local area?
The challenges facing modern-day Lancaster are the same challenges faced by many regional cities up and down the UK. A large amount of housebuilding is changing the outskirts of the city, and this is leading to the need for improved infrastructure and transportation. The changing face of the high street is another issue – like many city centres, there is a continuing battle to retain the centre as an attractive place to visit. Although Lancaster has some fantastic bars and restaurants, it needs to attract well-known brands to replace the names that are disappearing.
What is the best thing about living in your region?
Lancaster is surrounded by the stunning beauty of the Lake District and Morecambe Bay, a spectacular part of the British coastline. Apart from its historic attractions, Lancaster has a large university and a vibrant social scene.
What is a typical saying in your region?
‘I’m spittin’ feathers’ (I am very thirsty).