Ci Financial Affiliate Rgt Wealth Advisors Acquires Odyssey Wealth, Merging Two Successful Dallas Rias

Oct 28, 2021•almost 4 years ago

Acquiring Company

RGT WEALTH ADVISORS

Acquired Company

RGT WEALTH ADVISORS

Description

RGT Wealth Advisors, LLC (“RGT”), a subsidiary of CI Financial Corp. (“CI”) (TSX: CIX; NYSE: CIXX), today announced that it has acquired Odyssey Wealth Management, LLC (“Odyssey”), a Dallas-area registered investment advisor (“RIA”) dedicated to delivering comprehensive wealth management solutions to a high- and ultra-high-net-worth clientele.

Company Information

Company

RGT WEALTH ADVISORS

About

Founded in 1985, RGT Wealth Advisors, LLC provides wealth management and investment management services to high-net-worth individuals and family offices. RGT partners with clients to help them manage all aspects of their financial life to achieve their goals. To learn more about RGT and the firm's approach, please visit http://rgtadvisors.com/.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

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