“We see many attractive opportunities to deploy capital,” says CEO Rudy Adolf, citing $1 billion to fuel deals 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.
LPL CEO Dan Arnold said it is having an “ongoing dialogue” with the remaining undecided Waddell & Reed advisors ahead of the mid-year closing of the deal.
The acquisition of Bainco International Investors brings Cerity Partners’ total assets to over $28 billion.
PWA Wealth Management was the roll-up’s seventh acquisition to close in 2020.
Independent broker-dealer aggregator Atria says SCF Securities will add about 150 brokers with $4 billion in assets under administration.
Purchase of a stake in Siller & Cohen Family Wealth Advisors, a Rye Brook, N.Y.-based registered investment advisor, is Hightower’s third transaction in 2021.
The addition of Segall Bryant & Hamill, an RIA and institutional asset manager, brings Canada-based CI’s total U.S. assets to $46.1 billion.