CI Financial Corp., a Toronto, Ontario-based owner of wealth management firms in the U.S. and Canada, has agreed to acquire Bowling Portfolio Management, a Cincinnati, Ohio-based women-owned RIA managing $450 million.
The transaction, terms of which were not announced, is expected to close by the end of the year.
CI’s ownership interests in the U.S. include Balasa Dinverno Foltz of Itasca, Illinois; The Cabana Group of Fayetteville, Arkansas; Congress Wealth Management, of Boston, Massachusetts; One Capital Management, of Westlake Village, California; and Surevest, of Phoenix, Arizona.
Its North American wealth management business manages approximately US $57 billion in assets.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
