CI Financial Acquires Portola Partners

CI Financial Acquires Bowling Portfolio Management

September 21, 2020

Financial Services

CI Financial Corp. agreed to acquire full ownership of Bowling Portfolio Management LLC, a woman‑owned registered investment advisor in Cincinnati with approximately US$450 million in assets under management. The deal expands CI's U.S. wealth management footprint in the Midwest; Darren Kavesh will be named President and CEO and Kathy Wayner will remain in a consulting role. Terms were not disclosed and the transaction is subject to regulatory approval.

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 Private Wealth (CI Financial) Acquires Matrix Capital Advisors

December 1, 2021

Financial Services

CI Private Wealth, a division of CI Financial Corp., has acquired Matrix Capital Advisors, a Chicago-based registered investment advisor that manages approximately US$615 million in assets. The deal expands CI's U.S. wealth management footprint and adds high-net-worth client relationships and experienced advisory personnel to its CI Private Wealth platform; financial terms were not disclosed.

CI Financial Acquires Multiple U.S. RIAs Including Gofen & Glossberg

November 10, 2021

Financial Services

CI Financial completed a series of six transactions that expand its CI Private Wealth presence in the U.S., acquiring four registered investment advisor firms—Columbia Pacific Wealth Management, Gofen & Glossberg, RegentAtlantic Capital and R.H. Bluestein—and taking minority stakes in alternative investment firms Columbia Pacific Advisors and GLASfunds. The deals increase CI’s U.S. assets substantially and add wealth-management and alternative-investment capabilities to its U.S. private-wealth platform.

Abry Partners Acquires Portfolio Holding from Capital Z Partners

August 19, 2019

Insurance

Boston-based private equity firm Abry Partners has agreed to acquire Portfolio Holding, Inc., a Lake Forest, California provider of reinsurance management and F&I products, from Capital Z Partners. Portfolio's management will remain in place and retain significant equity; Abry plans to support the company's national expansion in the automotive dealer market and other warranty/reinsurance markets.

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.