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“We place immense value on their team approach to client service and focus on multi-generational planning,” he continued, “and CI’s backing will allow them to continue to enhance their multi-family office services and capabilities.”  Barrett CEO Peter Shriver added: “Our clients’ goals and needs were at the forefront of our decision to align with CI.” Since entering the U.S. market in early 2020, CI has made 15 acquisitions. After its outstanding deals are completed, CI’s total North American wealth management assets are expected to be roughly $105 billion and its total ass...

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.