CI Financial to Acquire Northwood Family Office

CI Financial Acquires Coriel Capital

August 10, 2023

Financial Services

CI Financial Corp. agreed to acquire Coriel Capital Inc., a Montreal-based wealth manager that serves ultra-high-net-worth families and manages approximately $1.3 billion in client assets. The acquisition expands CI's presence in the ultra-high-net-worth market and complements its CI Private Wealth and Northwood Family Office businesses; the deal is expected to close in the fourth quarter.

CI Financial to Acquire McCutchen Group

October 21, 2021

Wealth Management

CI Financial Corp. announced an agreement to acquire McCutchen Group LLC, a Seattle-based, ultra-high-net-worth focused wealth management firm with US$3.4 billion in assets under management. The deal is expected to close later in 2021, subject to regulatory approval and customary closing conditions, and financial terms were not disclosed.

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.

Mubadala Capital to Take CI Financial Private (Take-Private Transaction Closed August 12, 2025)

August 13, 2025

Financial Services

Mubadala Capital, through an affiliate, acquired all outstanding shares of CI Financial Corp. in a premium, all-cash take-private transaction valued at an implied enterprise value of about C$12.1 billion. The transaction closed effective August 12, 2025 via a statutory plan of arrangement under the Business Corporations Act (Ontario).

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.