A San Diego RIA is CI Financial’s latest large-AUM acquisition, marking the Canadian asset manager’s fifth announced deal of 2021.
The first week of May brought Overland Park, Kansas-based Creative Planning its largest acquisition by AUM in its history, while CI Financial also cut a deal for one of its RIAs.
Toronto-based serial acquirer CI Financial strikes again, purchasing a $4.7 billion-asset registered investment advisory firm in Atlanta, as Edelman Financial Engines secures a fresh round of capital and $7.3 billion valuation.
CI Financial announces its 15th deal for a registered investment advisory firm in as many months while Mercer Advisors unveils its eighth deal in 2021.
Despite rising debt, CI Financial chief Kurt MacAlpine says the Toronto-based asset manager will continue to buy RIAs in the United States.