CI Financial Reduces Debt by $746M, Increases Dividend Payments
CI reduced leverage by more than 27% in Q2, while growing YOY earnings by nearly half for its U.S. wealth management business, Corient.
Source: wealthmanagement.com
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CI reduced leverage by more than 27% in Q2, while growing YOY earnings by nearly half for its U.S. wealth management business, Corient.
The acquisition adds to CI's ultra-high-net-worth business
CI Private Wealth, one of the fasted-growing RIAs ever, said it was rebranding as Corient, a combination of the phrase "client oriented."
Toronto-based firm sold 20% stake in U.S. business in May
All of CI Private Wealth's offices will now operate as Corient, a name derived from one of the RIAs it acquired.