Displaying 11 results
CI equity sale seen as endorsement of higher wealth management valuations
The sale of the 20% equity stake values the US wealth unit, CI Private Wealth, at $5.3 billion, and it postpones the planned IPO.
CI Financial cashes in big with sale of stake in Boston RIA
CI claims to have tripled its return on its original minority investment in Congress Wealth Management.
CI Financial shares lose value amid US deal spree
CEO’s radical remake was accompanied by the exodus of 13 portfolio managers, traders and analysts to the Bank of Montreal.
CI Financial’s US expansion is a Canadian success story
The Toronto-based company's business operations in the United States represent the largest and fastest-growing segment of the $304 billion financial conglomerate.
CI Financial to acquire $6 billion RegentAtlantic
The acquisition of the New York-based RIA marks the third largest transaction for the Canadian buyer, which has grown to more than $100 billion in U.S. RIA assets in two years.
CI Financial adds $615 million Matrix Capital Advisors
Starting from scratch two years ago, the Canadian aggregator has amassed nearly $100 billion in U.S. RIA assets. Total assets globally are anticipated to reach $271 billion when all current pending deals close.
CI Financial posts record profits as it moves beyond just buying RIAs
After acquiring 25 U.S. RIAs over the past 24 months, the Toronto-based aggregator is taking a minority stake in GLASfunds, a $1 billion alternative investments platform.
CI Financial notches 25th deal in 24 months
The Toronto-based mega buyer adds $7.5 billion Gofen and Glossberg, growing its U.S. RIA assets to $95 billion.
CI Financial acquires $5.2 billion Portola Partners
The Canadian firm continues to gobble up U.S. wealth managers; its latest deal expands its presence in the San Francisco Bay area.
CI Financial acquires $3.4 billion Ohio-based RIA
The addition of Budros Ruhlin & Roe will give the Toronto-based aggregator a total of $74 billion in U.S. wealth management assets.
Focus Financial continues expansion into Canada
Acquisition of Toronto-based Gavin Hockey Wealth Specialists gives Focus Financial another foothold in a market moving toward independence.
