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Ci Financial Completes Acquisition Of Pennsylvania Ria Radnor Financial Advisors

Sep 01, 2021•over 4 years ago

Acquiring Company

CI Global Asset Management

Acquired Company

CI Global Asset Management

TorontoTorontoFinancial ServicesFinancial Services

Description

CI Financial Corp. (“CI”) (TSX: CIX; NYSE: CIXX) today announced it has completed the acquisition of Radnor Financial Advisors (“Radnor”), a registered investment advisor based in Wayne, Pa. with US$2.6 billion in assets.

Company Information

Company

CI Global Asset Management

Location

Toronto, Ontario, Canada

About

CI Global Asset Management (CI GAM) is one of Canada’s largest investment management companies. It offers a wide range of investment products and services. CI GAM is a subsidiary of CI Financial Corp., an integrated global asset and wealth management company. The firm is trusted for its expertise in portfolio construction and risk management.

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M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed