.
MergerLinks Header Logo

Announced

CI Financial to acquire a majority stake in RGT Wealth Advisors.

Financials

Edit Data
Transaction Value-
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Acquisition

Cross Border

Asset Managers and Custodians

Majority

United States

Private

Pending

Friendly

investment advisor

Synopsis

Edit

CI Financial, a diversified global asset and wealth management company, agreed to acquire a majority stake in RGT Wealth Advisors, a Dallas-based registered investment advisor with approximately $4.7bn in wealth assets. Financial terms were not disclosed. "RGT is one of the leading RIA firms in the U.S. and we are excited and honored that they will be joining CI Financial. RGT, our largest U.S. acquisition by assets to date, is a growing firm with an exceptional team, strong leadership and well-developed expertise attuned to the needs of their clients," Kurt MacAlpine, CI Chief Executive Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US