Stay updated with breaking news from Executive Kurt Macalpine. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
CI Financial Corp will sell a 20% stake in its U.S. wealth management arm to Bain Capital LP and other investors for C$1.34 billion , the Canadian asset manager said on Thursday, pausing efforts... | May 11, 2023
The sale of a 20% private ownership stake in CI Private Wealth accomplishes the same goals as the planned IPO.
CI Financial announced a $5 billion RIA deal Tuesday, of California-based Corient, along with record fourth-quarter financial results.