CI Financial to acquire Portola Partners.

CI Financial, a company offering global asset management and wealth management advisory services, agreed to acquire Portola Partners, a provider of investment advice. Financial terms are not disclosed. “CI Private Wealth’s wisely crafted professional services partnership model provides an unusually attractive, long-term growth opportunity for our future generations of advisors and leaders. We have been very impressed with the quality of our new colleagues at CI and at the other well-managed, healthily growing CI Private Wealth firms. This highly professional and collegial group is well suited to deliver on CI’s strategic vision to build the leading private wealth platform in North America," Steve Rehmus, Portola Co-Managing Partner.