CI Financial paired the reporting of record third-quarter financial results with the news that it is expanding beyond its pattern of acquiring registered investment advisers by taking a minority stake in alternative investments platform GLASfunds. The investment in the $1.1 ...

The momentum continues for CI Financial as the Toronto-based aggregator notches another major acquisition in the U.S. wealth management space. Just a week after acquiring $4.1 billion Detroit-based R.H. Bluestein & Co., CI is adding $7.5 billion Chicago-based Gofen and ...

CI Financial, the Canadian mega buyer of U.S. advisory businesses, is gobbling up another big RIA. CI announced Tuesday that it’s acquiring R.H. Bluestein & Co., a $4.1 billion registered investment adviser with offices in Detroit and New York City ...

Canadian mega buyer CI Financial is acquiring Seattle-based McCutchen Group, an RIA focused on ultra-high-net-worth clients with $3.4 billion under management. Like many of CI’s acquisitions, McCutchen Group is large and fast-growing, but it’s also relatively new, having been launched ...

Almost from the day he started his wealth management firm in 2014, Russ Charvonia would get unsolicited emails offering to buy the company. He’d send them directly to his trash folder.  But like hundreds of other managers this year, Charvonia ...

One day after logging its 21st acquisition of a U.S. wealth management firm in less than two years, Toronto-based CI Financial announced that it’s establishing a U.S. headquarters in Miami. Since entering the U.S. market in early 2020, CI has ...

Toronto-based aggregator CI Financial is acquiring Portola Partners, a $5.2 billion registered investment adviser based in Menlo Park, California. The deal, which expands CI’s footprint in the San Francisco Bay area, will give the Canadian buyer approximately $82 billion in ...

Toronto-based CI Financial is acquiring a $3.4 billion registered investment adviser. The addition of Columbus, Ohio-based Budros Ruhlin & Roe will push CI’s U.S. wealth management footprint to approximately $74 billion. The deal is expected to close by the end ...

Wealth management aggregator Focus Financial Partners is set to make its fourth acquisition of a Canadian advisory shop as partner firm Connectus Wealth Advisers adds Toronto-based Gavin Hockey Wealth Specialists. The deal is unique in that it subtly fires a ...

Toronto-based RIA aggregator CI Financial marked its 19th deal in the United States Monday with the announcement of the acquisition of Radnor Financial Advisors, a Wayne, Pennsylvania-based firm with $2.6 billion under management. The acquisition pushes CI’s total U.S. RIA ...