Announced
Financials
Tags
United States
Asset Managers and Custodians
Pending
Acquisition
Single Bidder
Private
investment advisor
Majority
Friendly
Synopsis
CI Financial, an independent Canadian company offering global asset management and wealth management advisory services, agreed to acquire a majority stake in Surevest Wealth Management, a Phoenix-based registered investment advisory firm. Financial terms were not disclosed. "The US has the world's largest and most accessible wealth management market and RIAs are its fastest-growing segment. As a well-capitalized company with extensive experience in wealth management and a unique value proposition relative to other firms, CI is in a strong position to acquire leading RIAs and foster their continued expansion," Kurt MacAlpine, CI Chief Executive Officer.
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