OCM Capital Partners to acquire Thousand Oaks Financial.

OCM Capital Partners, a subsidiary of CI Financial, agreed to acquire Thousand Oaks Financial, an investment advisor firm. Financial terms were not disclosed. The transaction is expected to close in September 2020. "This arrangement provides continuity for Professional Planning's clients while giving them and their advisors access to the additional services and support of a larger firm. There are many advisors in our industry who are nearing retirement but remain highly committed to their clients. As a growth-minded company, One Capital is pleased to partner with these advisors, offering them a gradual transition and long-term stability for their clients. With the support of CI and its resources, we are a highly credible and compelling solution for these firms," Patrick Bowen, OCM President.