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.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
