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Rudy Mezzetta Toronto-based CI Financial is acquiring Brightworth, LLC, an Atlanta-based registered investment advisor (RIA) with approximately US$4.7 billion, the firm announced Monday. The deal gives CI Financial approximately US$55 billion in AUM in the U.S. and offices in 15 U.S. states once the transaction and other outstanding deals are completed. Brightworth provides advisory and financial planning services to high-net-worth individuals, families and institutional clients in Atlanta and Charlotte, NC. “[Brightworth has] built an exceptional firm based on a comprehensive, multi-genera...

CI Financial Acquires $2.5B Barrett Asset Management This marks CI’s 15th deal since entering the U.S. RIA market in January 2020, bringing its total U.S. assets to about $50 billion. Canadian-based asset and wealth manager CI Financial announced its second deal this year—this time acquiring New York-based Barrett Asset Management, a registered investment advisor with $2.5 billion in assets. This marks CI’s 15th deal since entering the U.S. RIA market in January 2020, bringing its total U.S. assets to about $50 billion. The deal follows CI’s acquisition of Chicago-based Segall B...

IE Staff CI Financial has announced an agreement to acquire Barrett Asset Management, LLC, a New York-based registered investment advisor (RIA) that manages more than US$2.5 billion in assets for high-net-worth and ultra-high-net-worth clients. The deal, once completed, gives CI Financial approximately US$50 billion in U.S. AUM. Barrett, established in 1937, offers customized wealth planning and investment management services to its clients, and manages two in-house mutual funds. “We place immense value on [Barrett’s] team approach to client service and focus on multi-generational planni...

Staff CI Financial has announced an agreement to acquire Barrett Asset Management, LLC, a New York-based registered investment advisor (RIA) that manages more than US$2.5 billion in assets for high-net-worth and ultra-high-net-worth clients. The deal, once completed, gives CI Financial approximately US$50 billion in U.S. AUM. Barrett, established in 1937, offers customized wealth planning and investment management services to its clients, and manages two in-house mutual funds. “We place immense value on [Barrett’s] team approach to client service and focus on multi-generational planning,...

Toronto-based RIA aggregator continues to set the pace of merger and acquisition activity in the U.S. wealth management market.