CIXX - Mergers and acquisitions

All financial amounts in Canadian dollars unless stated otherwise. CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today reported preliminary total assets of $384.9 billion as at November 30, 2022, an all-time month-end high for the company. The total consisted of asset management assets of $121.7 billion, Canadian wealth management assets of $79.9 billion, and U.S. wealth management assets of $183.3 billion. On November 10, 2022, CI completed the acquisition of Kore Private Wealth, LLC, a New York City-based registered investment advisor that focuses on meeting the unique and complex needs of ultra-high-net-worth individuals and families through comprehensive, interdisciplinary wealth man

U.S. wealth management becomes CI's largest business line by assets with 17 transactions adding over US$90 billion in 2021 CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today announced it has completed the acquisitions of four registered investment advisor firms, adding approximately US$24 billion in assets to its U.S. CI Private Wealth business ("CI Private Wealth"). The acquired RIAs are Columbia Pacific Wealth Management (CPWM, LLC) ("CPWM") of Seattle, Gofen & Glossberg, LLC ("Gofen") of Chicago, RegentAtlantic Capital, LLC ("RegentAtlantic") of Morristown, N.J., and R.H. Bluestein & Co. ("Bluestein") of Birmingham, Mich. CI has also completed the acquisition of minority stakes in al

RGT Wealth Advisors, LLC ("RGT"), a subsidiary of CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX), today announced that it has acquired Odyssey Wealth Management, LLC ("Odyssey"), a Dallas-area registered investment advisor ("RIA") dedicated to delivering comprehensive wealth management solutions to a high- and ultra-high-net-worth clientele. The combination of RGT and Odyssey, which manages over $200 million in assets from offices in Plano, Texas, brings RGT's total assets to approximately $5.5 billion and further solidifies the firm's leadership in the Dallas region and the state of Texas. This acquisition will combine two like-minded firms with complementary client philosophies and servi

CI's Asset Management business delivers $800 million in net sales for its best quarter in over six years All financial amounts in Canadian dollars unless stated otherwise. CI Financial Corp. ("CI") ((TSX: CIX, NYSE:CIXX) today reported preliminary assets under management as at September 30, 2021 of $146.6 billion and wealth management assets of $173.8 billion, for total assets of $320.4 billion. On September 30, 2021, CI completed the previously announced acquisition of Portola Partners Group LLC, a Menlo Park, California-based registered investment advisor ("RIA") focused on serving ultra-high-net-worth families. The transaction added $6.7 billion to CI's wealth management assets. On Oc

CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today announced it has completed the acquisition of Budros, Ruhlin & Roe, Inc. ("BRR"), a Columbus, Ohio-based registered investment advisor managing US$3.5 billion in assets. BRR is a leading, high-quality RIA providing investment management and financial planning services, primarily for high-net-worth clients and foundations. It also offers retirement plan management for 401(k) and pension plans. The firm, founded in 1979, has experienced strong growth and today has over 800 clients. CI first announced the agreement to acquire BRR on August 10, 2021. "The Budros, Ruhlin & Roe team is an outstanding addition to our group and will make a mean

CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today announced it has completed the acquisition of Portola Partners Group LLC ("Portola Partners" or "Portola"), a Silicon Valley wealth management firm dedicated to serving the financial needs of ultra-high-net-worth families. "We are excited to welcome Portola Partners to CI," said Kurt MacAlpine, CI Chief Executive Officer. "Portola has developed an exceptional practice and a first-rate reputation based on their success in meeting the complex and varied financial requirements of wealthy families. We look forward to working with the team to expand and enhance their practice, while their expertise will contribute to the ultra-high-net-worth

CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today announced it has completed the acquisition of Radnor Financial Advisors ("Radnor"), a registered investment advisor based in Wayne, Pa. with US$2.6 billion in assets. "We're excited to continue expanding and enriching our U.S. network with high-quality RIAs like Radnor," said Kurt MacAlpine, CI Chief Executive Officer. "Adding such an experienced firm furthers our goal of building the leading wealth management platform in the United States. With a team of industry veterans dedicated to high-caliber client service, Radnor is an exemplary RIA and we're proud to welcome them to CI." CI first announced an agreement to acquire Radnor in June

Transaction boosts CI's U.S. assets to $58 billion All financial amounts in U.S. dollars unless stated otherwise. Congress Wealth Management, LLC ("CWM") and CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) announced today that CWM has acquired Pinnacle Advisory Group, Inc. ("Pinnacle") of Columbia, MD in a transaction that increases the size of CWM's business by 70% and expands its presence to new markets on the East Coast and in South Florida. The addition of Pinnacle's $2.4 billion in assets and offices in Columbia and Miami will increase CWM's business to $5.8 billion and seven offices nationwide. The transaction, which closed on April 30, 2021, was financially supported by CI, which

Firms in Chicago, New York and Atlanta join CI's growing U.S. wealth business CI Financial Corp. ("CI") ((TSX: CIX, NYSE:CIXX), a diversified global asset and wealth management company, today announced it has completed the acquisition of three U.S. registered investment advisor ("RIA") firms, adding approximately US$31 billion in assets to its rapidly growing U.S. business. The acquisitions completed today were previously announced during the first quarter of 2021 and include Segall Bryant & Hamill, LLC ("SBH") of Chicago, Barrett Asset Management, LLC ("Barrett") of New York and Brightworth, LLC ("Brightworth") of Atlanta. "As we execute on our vision to create the leading private wealt

TORONTO--(BUSINESS WIRE)--CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary assets under management as at December 31, 2020 of $134.9 billion and wealth management assets of $96.6 billion, for total assets of $231.5 billion. CI’s wealth management assets and total assets grew by 91.3% and 27.1% year over year, respectively, reaching record highs. “In December, we completed the acquisition of four U.S. wealth management firms, adding approximately $12.3 billion in assets and a presence in four large and vital markets,” said Kurt MacAlpine, CI Chief Executive Officer. “With these transactions, our U.S. wealth management assets reached $29 billion and we c

TORONTO--(BUSINESS WIRE)--CI Financial Corp. (“CI”) (TSX: CIX; NYSE: CIXX), a diversified global asset and wealth management company, today announced it has completed the acquisition of four U.S. registered investment advisor (“RIA”) firms, boosting its U.S. wealth management assets by approximately US$9.4 billion to US$22 billion.* The previously announced acquisitions were completed on December 31, 2020, and include RGT Wealth Advisors, LLC (“RGT”) of Dallas, The Roosevelt Investment Group, Inc. (now The Roosevelt Investment Group, LLC; “Roosevelt”) of New York City, Doyle Wealth Management, Inc. (now Doyle Wealth Management, LLC; “DWM”) of St. Petersburg, Florida, and Stavis & C