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Ci Financial To Acquire Corient Capital Partners, A Us$5.0-Billion Wealth Management Firm Serving The Ultra-Affluent

Feb 22, 2022•almost 4 years ago

Acquiring Company

CI Global Asset Management

Acquired Company

Corient Capital Partners

TorontoFinancial Services

Description

CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX), today announced an agreement under which CI will acquire Corient Capital Partners, LLC (“Corient”), a Newport Beach-based wealth management firm overseeing US$5.0 billion on behalf of ultra-high-net-worth individuals and families across the United States.

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
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Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed