CI Financial Corp., a Toronto, Ontario-based owner of wealth management firms in the U.S. and Canada, has agreed to acquire Bowling Portfolio Management, a Cincinnati, Ohio-based women-owned RIA managing $450 million.
The transaction, terms of which were not announced, is expected to close by the end of the year.
CI’s ownership interests in the U.S. include Balasa Dinverno Foltz of Itasca, Illinois; The Cabana Group of Fayetteville, Arkansas; Congress Wealth Management, of Boston, Massachusetts; One Capital Management, of Westlake Village, California; and Surevest, of Phoenix, Arizona.
Its North American wealth management business manages approximately US $57 billion in assets.
Medicare scam, pandemic benefit theft, offshore tax evasion — federal prosecutors are casting a wide net.
Report finds that pension income acts as a financial lifeline for retirees facing late-life shocks and raises urgent questions about the DC-only future.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
