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CI Financial buys $5.1 billion Dowling & Yahnke

yellow road sign with merger and acquisition words

The deal marks the 18th RIA transaction in the U.S. for the Toronto-based aggregator. The transaction is expected to increase CI’s total U.S. assets to $63 billion, and to $230 billion, globally.

Toronto-based mega-buyer CI Financial announced the acquisition of Dowling & Yahnke, a $5.1 billion wealth and investment firm in San Diego.

Including sub-acquisitions, this marks CI’s 18th deal since entering the U.S. wealth management space in early 2020.

The transaction is expected to

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