The deals continue to mount for Toronto-based CI Financial, which on Thursday announced its 11th acquisition of a U.S. financial advisory firm since entering the market in February, and its second this week.
CI, which oversees more than $60 billion, including more than $14 billion in assets at U.S. registered investment advisers, announced its second deal in three days with the planned acquisition of Doyle Wealth Management, a $1.1 billion RIA based in St. Petersburg, Florida.
If there was any doubt about CI’s intentions after 10 months of aggressive buying, the company also filed this week to list its common stock on the New York Stock Exchange.
“We’re excited to add such a high-quality adviser team in a strategically important location,” CI chief executive officer Kurt MacAlpine said in a statement.
“Doyle Wealth Management has established a strong reputation, built great capabilities in financial planning and tax planning, and achieved exceptional growth since its founding,” he added.
The Doyle Wealth Management deal followed by two days CI’s announcement of a majority ownership position in Houston-based Stavis & Cohen Financial, which manages $570 million.
Christopher Blotto moved this month to Janney Montgomery Scott.
Finturk also added new form-filling and cash sweep tools to its AI-first CRM platform, while Zeplyn builds advisor coaching into its own AI operating system
“Ultimately, you just try to embrace collaboration,” said Greg Merrill of UBS.
Building on its Personal Office platform, NorthRock Partners' latest transaction brings more than $200 million in assets under management and five employees to the growing RIA.
Expanded deal pairs succession-planning software with a broker-dealer network already logging rapid AI adoption among 11,000 advisors.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
