Globe & Mail 07:58 AM EST, 01/04/2022 (MT Newswires) -- CI Financial Corp. (CIX.TO), a provider of global asset management and wealth management advisory services, said Tuesday that it has completed the acquisitions of four registered investment advisor firms, adding about US$24 billion in assets to its CI Private Wealth business in the US.
CI Financial said it acquired Columbia Pacific Wealth Management, Gofen & Glossberg LLC, RegentAtlantic Capital LLC and R.H. Bluestein & Co.
The company also completed the acquisition of minority stakes in alternative investment firms Columbia Pacific Advisors LLC and GLAS Funds LLC.
The acquisitions helped CI Financial boost the value of its US-based assets to US$115 billion.