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CI Financial said to be among bidders for Wells Fargo asset management arm Matthew Monks and Kiel Porter, Bloomberg News Bryden Teich discusses Wells Fargo VIDEO SIGN OUT Ameriprise Financial Inc., CI Financial Corp. and the private equity firms GTCR and Reverence Capital Partners are weighing second-round bids for Wells Fargo & Co.’s asset management arm, according to people familiar with the matter. The offers are due later this month, said one of the people, asking not to be identified because the matter isn’t public. Wells Fargo may whittle down the auction to one or two...

Ameriprise, CI eyeing Wells Fargo asset management unit Offers are due later this month for the division, which reportedly could fetch more than $3 billion December 15, 2020 Ameriprise Financial Inc., CI Financial Corp. and the private equity firms GTCR and Reverence Capital Partners are weighing second-round bids for Wells Fargo & Co.’s asset management arm, according to people familiar with the matter. The offers are due later this month, said one of the people, asking not to be identified because the matter isn’t public. Wells Fargo may whittle down the auction to one or two suitors af...

The offers are due later this month. Matthew Monks and Kiel Porter (Bloomberg) | Dec 15, 2020 The offers are due later this month, said one of the people, asking not to be identified because the matter isn’t public. Wells Fargo may whittle down the auction to one or two suitors after the next round, depending on how good the offers are, the person said. A final decision hasn’t been made and the firms could decide not to proceed with bids, the people said. The asset management division could fetch more than $3 billion, people familiar with the matter said in October.