CI Financial Acquires Majority Interest in RGT Wealth Advisors
November 24, 2020
CI Financial Corp. will acquire a majority ownership stake in RGT Wealth Advisors, a Dallas-based registered investment advisor with approximately US$4.7 billion in client assets, in a deal to be paid in cash and CI shares. The transaction, expected to close in Q4 2020 subject to regulatory and stock exchange approvals, expands CI's U.S. wealth footprint (bringing U.S. wealth assets to ~US$21 billion) while RGT principals will retain a meaningful ownership stake.
- Buyers
- CI Financial Corp.
- Targets
- RGT Wealth Advisors, LLC
- Industry
- Wealth Management
- Location
- Texas, United States
- Transaction Type
- Buyout
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