OCM Capital Partners, a subsidiary of CI Financial Corp. of Toronto, will acquire Thousand Oaks Financial Corp., a registered investment adviser in Thousand Oaks, California, that manages $440 million.
Thousand Oaks, which was founded in 1973, operates under the name Professional Planning. It will be integrated into OCM’s One Capital Management advisory business.
The acquisition, terms of which were not disclosed, is expected to close in September.
[More: The hunt for mega RIAs]
It's the mega-RIA firm's third $1B+ acquisition in just three months.
Wall Street leaders propose ways to monetize the mortgage giants.
Changes in legislation or additional laws historically have created opportunities for the alternative investment marketplace to expand.
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
The Treasury Secretary's suggestion that Trump Savings Accounts could be used as a "backdoor" drew sharp criticisms from AARP and Democratic lawmakers.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
