Manulife Investment Management Acquires CQS

CW Advisors Acquires Capital Management Services and CHB Investment Group

September 3, 2025

Financial Services

CW Advisors, an SEC‑registered investment advisor and subsidiary of Osaic, has acquired two Pennsylvania RIAs — Capital Management Services (CMS) and CHB Investment Group — adding $575 million in assets under management. The deals expand CW Advisors’ presence in Pennsylvania and increase its AUM to approximately $14.5 billion; terms were not disclosed.

Mubadala Capital Acquires CI Financial in C$12.1B Take-Private

August 13, 2025

Financial Services

Mubadala Capital, through its investment vehicle MC Accelerate Co‑Invest LP, completed a take‑private acquisition of CI Financial Corp. for C$32.00 per share, in a transaction implying an enterprise value of approximately C$12.1 billion. CI will remain headquartered in Toronto and operate under its existing management and brands while gaining access to Mubadala Capital's global network and capital to accelerate its private wealth and U.S. expansion.

NSM Insurance Group Acquires Acquis Insurance Management

March 29, 2023

Insurance

NSM Insurance Group has agreed to acquire Acquis Insurance Management, a UK-based specialist provider of insurance programs to the asset finance market. The deal (subject to customary regulatory approvals) will expand NSM's footprint in Europe and the U.S. and provide Acquis with additional capacity and resources to accelerate growth after its 2019 MBO backed by Dunedin LLP.

MAI Capital Management Acquires Queens Oak Advisors

December 10, 2021

Financial Services

MAI Capital Management has acquired Queens Oak Advisors, expanding MAI's presence in the Greater Charlotte, North Carolina region and adding roughly $558 million in assets under management. The acquisition brings Queens Oak’s financial planning, estate planning and asset management capabilities into MAI’s platform and moves key advisors (including Leila Evans and Deems May) into MAI leadership roles in Charlotte.

MAI Capital Management Acquires Madison Wealth Management

January 8, 2024

Wealth Management

MAI Capital Management acquired Madison Wealth Management, adding approximately $1.4 billion of client assets under management and expanding MAI’s presence in Cincinnati and Northern Virginia. The Madison team will join MAI effective January 5, with Madison leaders Ed Kuresman and Jim McDermott assuming Regional President roles; terms were not disclosed.

Nomura Acquires Macquarie's U.S. & European Public Asset Management Business

April 22, 2025

Wealth Management

Nomura has agreed to acquire Macquarie Asset Management’s North American and European public asset management business (including equities, fixed income and multi‑asset strategies) in an all‑cash transaction for roughly US$1.8 billion, subject to closing adjustments and regulatory approvals. The business—led from Philadelphia with more than 700 employees and approximately US$180 billion of AUM—will join Nomura’s Investment Management division, and the firms will also enter a broader product and distribution collaboration.