CI Financial to acquire a majority stake in Surevest Wealth Management.

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.