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CI Financial buys $5.1 billion Dowling & Yahnke merger and acquisition words on yellow road sign on blue sky The deal marks the 18th RIA transaction in the U.S. for the Toronto-based aggregator. The transaction is expected to increase CI’s total U.S. assets to $63 billion, and to $230 billion, globally. May 10, 2021 Including sub-acquisitions, this marks CI’s 18 th deal since entering the U.S. wealth management space in early 2020. The transaction is expected to increase CI’s total U.S. assets to $63 billion, and to $230 billion, globally. “D&Y is our second-largest RIA acquisiti...

Rudy Mezzetta Toronto-based CI Financial is acquiring Dowling & Yahnke, LLC (D&Y), a San Diego-based registered investment advisor (RIA) with approximately US$5.1 billion in assets, the firm announced Monday. The deal for D&Y, CI Financial’s second-largest RIA acquisition to date, will give CI a total of approximately US$63 billion in assets in the U.S. It represents the firm’s 18th RIA acquisition, including acquisitions made by CI-affiliated RIAs, since January 2020. D&Y, which was founded in 1991 and does business as Dowling & Yahnke Wealth Advisors, provides comprehensive investment m...

Rudy Mezzetta Toronto-based CI Financial is acquiring Dowling & Yahnke, LLC (D&Y), a San Diego-based registered investment advisor (RIA) with approximately US$5.1 billion in assets, the firm announced Monday. The deal for D&Y, CI Financial’s second-largest RIA acquisition to date, will give CI a total of approximately US$63 billion in assets in the U.S. It represents the firm’s 18th RIA acquisition, including acquisitions made by CI-affiliated RIAs, since January 2020. D&Y, which was founded in 1991 and does business as Dowling & Yahnke Wealth Advisors, provides comprehensive investment m...

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CI Financial’s affiliate Congress Wealth Management's AUM balloons to $5.8 billion. CI Financial’s sub-acquisitions are helping to supersize the RIA acquirer. The firm's Congress Wealth Management has acquired Pinnacle Advisory Group, according to an announcement.  The acquisition brings $2.4 billion in assets under management to Boston-based Congress, raising its AUM by 70% to $5.8 billion. Parent company CI Financial, based in Canada, now stands at $58 billion in AUM with direct investments in 13 registered investment advisory firms, according to Monday's announcement. Pinn...