CI Financial-backed Congress Wealth Management completed the acquisition of Pinnacle Advisory Group.

CI Financial-backed Congress Wealth Management completed the acquisition of Pinnacle Advisory Group. Financial terms were not disclosed. The addition of Pinnacle’s $2.4 billion in assets and offices in Columbia and Miami will increase CWM’s business to $5.8 billion and seven offices nationwide. “Pinnacle is an ideal addition to our firm with an impressive group of investment professionals and financial planning advisors. We are also fortunate to have CI Financial as a strategic partner. Given the size and complexity of the transaction, we could not have executed this without their ongoing support," Paul Lonergan, CWM President.