CI Financial to Acquire McCutchen Group

CI Financial to Acquire Northwood Family Office

January 11, 2022

Wealth Management

CI Financial Corp. agreed to acquire Northwood Family Office Ltd., a leading Canadian multi-family office. The deal is expected to close in the second quarter of 2022, subject to regulatory approval and customary closing conditions, with financial terms not disclosed.

CI Financial Acquires Majority Interest in RGT Wealth Advisors

November 24, 2020

Wealth Management

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.

CI Financial Acquires Dowling & Yahnke

May 10, 2021

Financial Services

CI Financial Corp. agreed to acquire San Diego-based registered investment advisor Dowling & Yahnke, LLC, which manages approximately US$5.1 billion in assets and serves over 1,300 clients. The deal expands CI's U.S. wealth-management platform and establishes CI's first San Diego location, increasing CI's U.S. assets and presence in southern California; financial terms were not disclosed.

Credit Suisse Acquires The Klein Group (MK&C) for $175M

February 9, 2023

Financial Services

Credit Suisse Group AG has acquired The Klein Group LLC (MK&C), the investment banking business of M. Klein & Company LLC, for USD 175 million. The seller will receive equity exposure in CS First Boston via a convertible note and warrant, and Michael Klein will be appointed CEO of Banking, CEO Americas and designated CEO of CS First Boston. The deal is intended to strengthen and accelerate the carveout and build-out of CS First Boston as an independent capital markets and advisory-led business.

CI Financial Acquires Portola Partners

September 14, 2021

Wealth Management

CI Financial Corp. has acquired Portola Partners Group LLC, a Menlo Park-based wealth management firm managing US$5.2 billion focused on ultra-high-net-worth families, founders and executives. The deal expands CI's presence in the San Francisco Bay Area and strengthens its ultra-high-net-worth capabilities within CI Private Wealth; financial terms were not disclosed.

CI Financial Acquires Segall Bryant & Hamill

January 25, 2021

Financial Services

CI Financial Corp. agreed to acquire Chicago-based Segall Bryant & Hamill, a high-net-worth-focused registered investment advisor and institutional asset manager with roughly US$23 billion in assets and about 122 employees. The acquisition expands CI's U.S. wealth management footprint and enhances its institutional and alternative investment capabilities as part of its cross-border growth strategy.