CI Financial Acquires The Roosevelt Investment Group
November 11, 2020
CI Financial Corp. agreed to acquire 100% of The Roosevelt Investment Group, a New York–based registered investment advisor with approximately US$2.7 billion in assets under management. The acquisition expands CI's U.S. wealth management platform and establishes a presence in the New York market, bringing CI's projected U.S. wealth assets to roughly US$16.5 billion.
- Buyers
- CI Financial Corp.
- Targets
- The Roosevelt Investment Group
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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